CHL Mortgages and Hinckley & Rugby for Intermediaries have introduced new BTL fixed-rate products.
Specialist BTL lender CHL Mortgages has unveiled a new range of two-year fixes, and reduced fixed rates across all product suites.
Individual and limited company five-year fixed options now start from 5.61%, while the newly introduced two-year product range is priced from 5.75%.
Meanwhile, rates for the lender’s HMO and MUFB products now start from 5.66% for a five-year fix, and 5.80% for a two-year fix.
CHL also reduced rates across its short-term let range, with the five-year fix now available from 6.15% and the two-year fixed-rate options priced from 5.80%.
Ross Turrell, commercial director at CHL Mortgages, commented: “With the economy and the financial markets showing signs of stability, we’re pleased to be able to lower interest rates and —when combined with flexible fee options — affordability for the landlord continues to improve.”
Hinckley & Rugby has resumed BTL lending with the launch of a new limited company BTL product.
The new fixed-rate product is available at 6.09% at 70% LTV.
According to the lender, the product was released to support existing and landlords to-be interested in maximising their borrowing potential.
