CHL Mortgages has revamped its BTL range, which will see rates on the company’s two-year fixed-rate products reduced by up to 42bps.
Rates on the two-year fixed products now start from 2.87%.
The specialist lender, which was recently acquired by UK digital bank Chetwood Financial, has also introduced a raft of criteria enhancements, including:
The products can be used by individual, limited company, and HMO/MUFB landlords.
“There aren’t many other deals out there at the moment where the rate starts with a ‘2’ and, with the potential for the bank base rate to reduce in the coming months, our repriced two-year fixed-rate products could be ideal for those who don’t want to lock into a long-term mortgage,” said Ross Turrell, commercial director at CHL Mortgages.
“It’s another positive demonstration of how our recent acquisition by Chetwood Financial is adding value and helping us to expand our offering to our intermediary partners.”
