CHL Mortgages for Intermediaries has cut prices across its BTL range by as much as 32bps.
The specialist lender has reduced rates by up to 32bps on its ‘CHL one’ limited-edition range, with two-year fixed rates now starting at 2.35% and five-year fixed rates from 4.4%.
The lender has also lowered rates by 30bps on its ‘CHL two’ two-year fixed-rate range, with rates now starting from 2.59%, and by 10bps on its ‘CHL two’ five-year fixed rates, now from 4.68%.
In addition, it has introduced new 75% LTV two-year fixed-rate 7% fee products into its ‘CHL two’ range for investors looking to maximise affordability by paying a higher fee upfront to benefit from lower monthly repayments.
Chetwood Bank group sales director at CHL Mortgages for Intermediaries and ModaMortgages Darrell Walker (pictured above), commented: “This major reprice across our BTL range, with reductions of up to 32bps, reinforces our commitment to offering competitive and compelling solutions for landlords.
“Alongside these rate cuts, the launch of a new product into our ‘CHL two’ range will provide investors with even more choice when looking to potentially make savings in the long run by paying a higher fee up front.”
