"There aren’t many other deals out there at the moment where the rate starts with a ‘2’, and with the potential for the bank base rate to reduce in the coming months, our repriced two-year fixed rate products could be ideal for those who don’t want to lock into a long-term mortgage"
- Ross Turrell - CHL
Specialist lender CHL Mortgages has announced that it has refreshed its buy-to-let range, including lowering rates across its two-year fixed products to start from 2.87% and making several criteria enhancements.
The refreshed range will see rates on two-year fixed-rate products reduced by up to 42bps, with LTVs up to 75% and several product fee options.
CHL has also introduced a number of criteria enhancements, including:
- Increasing the maximum loan amount available at 70% LTV to £2m.
- Increasing aggregate borrower exposure to £5m with no limit on the number of individual loans.
- Increasing the LTV available for new-build flats to 75%.
- Increasing the LTV available for ex-local authority flats to 75%.
- Accepting applications for properties on the Isle of Wight.
The range is suitable for individual, limited company and HMO/MUFB landlords.
Ross Turrell, Commercial Director at CHL Mortgages, said: “This range refresh is the latest example of how committed we are to supporting intermediaries in helping their landlord clients achieve their buy-to-let ambitions.
“There aren’t many other deals out there at the moment where the rate starts with a ‘2’, and with the potential for the bank base rate to reduce in the coming months, our repriced two-year fixed rate products could be ideal for those who don’t want to lock into a long-term mortgage.
“It’s another positive demonstration of how our recent acquisition by Chetwood Financial is adding value and helping us to expand our offering to our intermediary partners.”
