CHL Mortgages for Intermediaries has reduced rates on some of its products, while unveiling new additions to its short-term lets range.
The lender has cut rates by 15bps on selected limited edition BTL mortgages it offers.
This means borrowers can now access two and five year fixed-rate mortgages from 2.56% for single dwelling properties, or from 2.60% for HMOs and MUFBs.
The new short-term let products are designed for borrowers intending to let out holiday let properties or serviced apartment property for a short period of time.
The range now features two- and five-year fixed-rate products with free valuation and £0 product fee options, all at 75% LTV.
“This rate reduction on our limited-edition range further demonstrates our support for landlords,” said Darrell Walker, group sales director at CHL Mortgages (pictured above).
“And with our short-term let range now offering borrowers options with free valuation and no product fee, this is a great opportunity for landlords who may be looking to diversify their portfolios and explore other investment opportunities.”
