CHL Mortgages has relaunched its specialist BTL product range, following its withdrawal earlier this year.
The suite includes options for landlords looking to access finance for their trading companies, for properties let on short-term tenancies, and for both larger or more complex HMOs and MUFBs.
The large HMO/MUFB range — which is designed for properties with up to 10 bedrooms or units — features two- and five-year fixed rates starting from 4.67% at up to 75% LTV, all with a choice of fee options.
It is also available for complex HMOs/MUFBs, such as those which have been adapted to offer bespoke accommodation, multi-units with shared utilities and hybrid multi-units that incorporate both self-contained and HMO elements.
CHL has also reintroduced its short-term let product suite, which supports property investors who use Airbnb, holiday lets and serviced accommodation.
It includes two- and five-year fixed rates starting from 5.76% at maximum 75% LTV, with a choice of fee options.
In addition, the lender has relaunched its expanded adverse criteria offering to support borrowers with small credit blips that sometimes occur, particularly when managing large numbers of tenancies and credit accounts.
Ross Turrell, commercial director at CHL Mortgages (pictured above), said: “This relaunch, coming hot on the heels of our core BTL range refresh and introduction of a range of competitive limited-edition products further underlines our continued commitment to the specialist BTL market.
“Combined with our human-focused underwriting approach, the enhanced flexibility of these relaunched product ranges offer our intermediary partners and their clients the support they need to maximise their investment opportunities.”
