CHL Mortgages has expanded its BTL range to offer high fee options for landlords.
The limited-edition range now features new 6% and 7% options on the two year-fixed rate range at 75% LTV.
In addition, there is a new 6% fee option on the five-year fixed-rate range, again at 75% LTV.
Rates for standard two-year fixed-rate products start from 3.12% with five-year fixed-rate products starting from 4.76%.
CHL has also reduced rates by up to 30bps across its CHL 2 core product range with two-year fixed-rate products now starting from 3.27% and five-year fixed-rate products starting from 5.06%.
“We’re always looking for new ways to be as competitive as possible and adding these higher fee products to our limited edition buy-to-let range enables us to explore new segments of the market,” said Ross Turrell, commercial director at CHL Mortgages (pictured above).
“By entering the 75% LTV area of the high fee market, we’re giving landlords even more choice, helping to improve affordability and enabling them to access higher LTV mortgages.”
