CHL Mortgages has launched a limited-edition product range with buy-to-let mortgage rates starting from 2.70%, alongside a 30bps rate reduction across its short-term let offering.
The specialist lender's new limited-edition products open at 2.70% for single dwelling properties and 2.80% for HMO and MUFB properties with up to six bedrooms or units. For landlords letting on a short-term basis, whether through holiday lets or serviced apartments, rates now start from 3.16% following the 30bps cut.
All products are available to both individual and limited company landlords, with up to 80% LTV on offer. Borrowers also have a choice of fee options, and free valuations are available on selected short-term let products.
"We're excited to be launching these new limited-edition products with rates from 2.70%, as well as slashing rates by 30bps across our short-term let range," said Mil Consiglio, head of sales at CHL Mortgages. "This reflects our focus on delivering great value products for landlords who may be looking to diversify their portfolios and explore other investment opportunities."
The changes broaden CHL Mortgages' proposition for landlords considering short-term letting strategies, at a time when appetite for holiday lets and serviced accommodation continues to attract attention across the buy-to-let market.
