Specialist lender CHL Mortgages has cut rates by 20 bps across its limited-edition BTL products.
Following the change, the lender’s product suite now features standard two-year fixed rate mortgages starting from 3.67%, with five-year fixed rates starting from 4.24%.
For investors looking to purchase small HMO or MUFBs with up to six bedrooms or units, rates for five-year fixed rates now start from 4.28%.
Mortgages are available to individual and limited company landlords and borrowers can choose from a selection of fee options, with LTVs up to 75%.
Ross Turrell, commercial director at CHL Mortgages (pictured above), said: “This latest round of rate reductions shows our commitment to making sure brokers have the products their customers need at their disposal.
“By reducing our rates by up to 20bps, customers now have even greater choice when selecting a product and the reductions will help when it comes to calculating affordability.”
