CHL Mortgages has cut buy-to-let mortgage rates by up to 25bps across its short-term let products, with reductions of up to 10bps also applied to its limited edition range.
Limited edition rates for single dwelling properties now start from 2.85%, with HMO and multi-unit freehold block (MUFB) properties of up to six bedrooms or units priced from 2.95%. Short-term let products, covering holiday lets and serviced accommodation apartments, now start from 3.46%.
All products are open to individual and limited company landlords, with a choice of fee options and up to 80% LTV available. Free valuations are offered on selected short-term let products.
"We're delighted to be able to make these rate cuts across our limited edition and short-term let product ranges," said Roger Morris, group distribution director for CHL Mortgages and ModaMortgages at Chetwood Bank.
"The reductions reflect our focus on delivering greater value for landlords while giving them the opportunity to diversify their portfolios and explore other investment opportunities."
