CHL Mortgages for Intermediaries has lowered pricing across parts of its buy-to-let range and introduced new products aimed at borrowers with short-term rental properties. The specialist lender has reduced selected limited edition rates by up to 15 basis points and added seven new options to its short-term lets offering.
Revised pricing now sees two- and five-year fixed rates starting from 2.56% for single dwellings. For houses in multiple occupation (HMOs) or multi-unit freehold blocks (MUFBs), rates begin at 2.60%. Products within the limited edition range continue to offer various product fee structures.
In addition to the rate cuts, CHL has launched a suite of new short-term let mortgage products. These are tailored for clients planning to rent out holiday lets or serviced apartments for shorter durations. The updated range includes both two- and five-year fixed rate options at 75% loan-to-value (LTV), with some products featuring free valuation and no product fee.
“This rate reduction on our limited edition range further demonstrates our support for landlords,” said Darrell Walker, group sales director at CHL Mortgages (pictured). “And with our short-term let range now offering borrowers options with free valuation and no product fee, this is a great opportunity for landlords who may be looking to diversify their portfolios and explore other investment opportunities.”
