CHL Mortgages for Intermediaries has cut rates across its short-term BTL products by up to 30bps.
With immediate effect, the two-year fixed rate and five-year fixed rate products are available from 4.09% and 4.94%, respectively. Both are at LTVs of 75%.
Borrowers can also choose between 3.5% or 5% fee options on the two-year fixed rate products and between 3.5%, 5% or 7% fee options on the five-year fixed rate products.
“We’re delighted to announce we’re cutting rates across our short term lets range by a further 30bps,” said Darrell Walker, group sales director at CHL Mortgages for Intermediaries.
“The reduction follows on from an earlier cut we made to rates in February and gives even more support to landlords who are looking to diversify their portfolios and explore other investment opportunities.”
