CHL Mortgages for Intermediaries has announced that it has expanded into the 80% loan-to-value (LTV) market with a range of new buy-to-let products.
The specialist lender is offering 3.5% and 5% fee options across single dwelling, small HMO and short-term let property types, with two-year fixed rates starting from 3.40% and five-year fixed rates from 5.06%.
For landlords seeking to minimise upfront costs, there are also £0 fee options, with two-year fixed rates from 5.90% and five-year rates from 6.16%. Borrowers can access loans of up to £750,000, with products available to both individuals and limited companies.
CHL Mortgages has additionally introduced four limited edition 75% LTV products with a 7% fee across single dwelling and small HMO ranges.
Darrell Walker, Chetwood Bank Group sales director for CHL Mortgages for Intermediaries and ModaMortgages, said, “We’re proud to announce this expansion of our upper LTV buy-to-let offering, which marks a significant step forward in our mission to give landlords greater choice and flexibility.”
“Whether your client is looking for a product which enables them to pay more upfront in return for lower rates over time, or a fee-free product which allows them to minimise their upfront costs, these new products reaffirm our commitment to supporting landlords with competitive solutions.”
