The lenders’ HMO and MUFB range has seen the largest rate reductions at the 75% LTV band
The intermediary-only specialist buy-to-let (BTL) lender, CHL Mortgages, has reduced rates across its entire product range for individuals and limited companies.
Rates start from 2.88% on the lenders’ 2-year fixed rate BTL product range up to 65% loan-to-value (LTV) and from 3.05% up to 75% LTV.
Both are available on its individual and limited company offerings and a 1.5% arrangement fee applies.
5-year fixed rates also start at 2.88% up to 65% LTV and 2.98% up to 75% LTV.
Both are available for individual and limited company, a 2% arrangement fee applies and calculated ICR at payrate.
The lenders’ house in multiple occupation (HMO) and multi-unit freehold block (MUFB) range has seen the largest rate reductions at the 75% LTV band, with 2-year fixed rates now starting from 3.08% and 5-year fixed rates now beginning at 3.38%. Both are up to 75% LTV with a 2% arrangement fee.
Each BTL product has a minimum loan size of £25,001 and a maximum loan size of £1m.
The product range caters for first-time landlords, portfolio landlords and limited companies covering a variety of BTL investments including HMOs and MUFBs.
Ross Turrell, commercial director at CHL Mortgages, said: Since launching four months ago, we have applied a competitive but cautious approach to our product pricing as our commitment to delivering a consistent service offering is paramount and underpins our lending proposition.
He said: Our wide distribution footprint with clubs, networks and Directly Authorised broker firms, means that we are confident that by making such competitive changes across our range will prove extremely popular and introduce us to many more new brokers seeking to use CHL Mortgages for the first time.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.