CHL Mortgages for Intermediaries has launched a significantly expanded buy-to-let range, introducing new loan-to-value (LTV) tiers, wider fee options, and rate reductions of up to 44 basis points (bps).
The specialist lender has increased the number of available products across its CHL 1 and CHL 2 ranges, aiming to provide brokers with more flexibility while lowering rates across core categories.
Rates for single dwelling two-year fixed products now begin at 2.24%. For small HMO and MUFB two-year fixed options, pricing starts from 2.34%, while short-term let two-year fixed rates now start at 2.76%. Mortgages can be accessed by both individual and limited company landlords.
The CHL 1 range is designed for a variety of property types, spanning single dwelling buy-to-lets through to HMOs and MUFBs of up to six bedrooms or units. The CHL 2 range targets more complex assets, including large HMOs or MUFBs of up to 10 bedrooms or units, as well as short-term lets and serviced accommodation.
“We’re excited to unveil our completely refreshed buy-to-let range which gives brokers access to our most extensive set of buy-to-let solutions,” said Darrell Walker, Chetwood Bank group sales director for CHL Mortgages for Intermediaries and ModaMortgages (pictured). “Our new range gives landlords more choice than ever before, no matter what type of buy-to-let product they’re looking for.”
