CHL Mortgages has launched a limited edition range of two- and five-year fixed-rate buy-to-let products, alongside several criteria changes it says will extend access for a broader range of landlords and investors.
The new range covers single dwelling properties as well as HMOs and MUFBs with up to six bedrooms or units. Rates start from 3.60%, and the products are available to individual and limited company landlords at up to 80% LTV, with a choice of product fee options.
Four criteria changes have been introduced alongside the product launch:
- Applications from first-time buyers are now accepted
- The minimum income requirement has been removed for non-first-time buyers
- Minimum property valuations have been reduced
- The maximum number of storeys in blocks of flats, including ex-local authority blocks, has been raised to 20
"We're committed to helping landlords achieve their property goals and these criteria enhancements do just that," said Roger Morris, group distribution director at CHL Mortgages (pictured).
"And when you add the new limited edition range, with support for both standard and specialist properties, we're delivering the flexibility and choice that today's investors demand."
