CHL Mortgages for Intermediaries has cut rates on its BTL products by up to 39bps.
In addition, the specialist lender has unveiled a free valuation option for selected products in both its CHL1 limited edition and CHL2 large HMO ranges.
CHL1 refers to a wide range of property types, from standard BTLs to HMOs and MUFBs of up to six units.
CHL2 is aimed at landlords with more complex property types, with HMOs and MUFBs of up to 10 units.
Following the rate cut, CHL’s two-year and five-year fixed-rate mortgages now start from 2.35% and 4.48% respectively.
“We’re delighted to introduce free valuations on selected products on our CHL1 limited edition and CHL2 large HMO ranges,” said Darrell Walker, group sales director for CHL Mortgages for Intermediaries and ModaMortgages (pictured above).
“We’re particularly excited to be able to offer free valuations on large HMOs - this is fantastic news for landlords who are looking to invest in properties with up to 10 bedrooms.
“The free valuations, combined with the rate reduction across all products and ranges, means we can offer brokers even more choice and ways of supporting their BTL clients to get the products they need.”
