News
CHL Mortgages launches limited-edition sub-4% BTL rates
CHL Mortgages has released a limited edition range of two- and five-year fixed buy-to-let (BTL) products with rates below 4%.
Pricing starts from 3.95% on two-year fixes and 4.99% on five-year fixed rate options.
Products are available up to 75% loan to value (LTV) with a choice of a 2% or 5% fee. Individual, limited company borrowers will be considered, as well as house in multiple occupation (HMO) and multi-unit freehold block (MUFB) landlords.
Ross Turrell, commercial director at CHL Mortgages, said: “At CHL Mortgages, we’re constantly monitoring the market and looking at changes in demand to ensure we’re creating the products brokers need to meet their clients’ ever-changing requirements.
“Our new limited-edition products expand on our already competitive range and recent criteria enhancements, offering intermediaries and their clients even greater choice.”
The addition of these products follow recent rate reductions across the CHL Mortgages BTL offering.
Five things you need to know about BM’s limited company proposition
Sponsored by BM Solutions
Last month, CHL Mortgages for Intermediaries was acquired by digital bank Chetwood Financial, with Chetwood saying it wanted to expand the lender’s business.