Specialist lender CHL Mortgages for Intermediaries has announced it is introducing free valuation products and reducing rates by up to 39bps.
The new free valuation option is now available on selected products in both the lender’s CHL1 limited edition and CHL2 large HMO ranges.
CHL1 offers versatile products for a wide range of property types, from standard buy-to-lets to HMOs and MUFBs of up to six bedrooms/units. CHL2 is ideal for landlords with more complex property types, such as large HMOs and MUFBs of up to 10 bedrooms/units.
The lender has also reduced rates by up to 39bps across all products and ranges, with 2-year fixed rates now starting from 2.35% and 5-year fixed rates starting from 4.48%.
All products are available to individual and limited company landlords, with LTVs up to 75% and a choice of product fees available.
“We’re delighted to introduce free valuations on selected products on our CHL1 limited edition and CHL2 large HMO ranges," comments Group Sales Director Darrell Walker (pictured), "We’re particularly excited to be able to offer free valuations on large HMOs - this is fantastic news for landlords who are looking to invest in properties with up to 10 bedrooms.
“The free valuations, combined with the rate reduction across all products and ranges, means we can offer brokers even more choice and ways of supporting their buy-to-let clients to get the products they need.”
