CHL Mortgages for Intermediaries updated numerous parts of its BTL range, including launching new products and cutting rates.
CHL’s entire product range across the CHL 1 and CHL 2 ranges has increased from 135 products to 213 products as a result of this launch.
This includes standard two- and five-year fixed, small HMO/MUFB two- and five-year fixed, large HMO/MUFB two- and five-year fixed and short term let two- and five-year fixed.
This is because of new LTV tiers — 55%, 65% and 75% — which have been introduced across all product ranges, as well as new fee options ranging from 0% to 7%.
The lender has introduced rate cuts of up to 44bps.
Rates for single dwelling two-year fixed-rate products now start from 2.24%, with rates for small HMO/MUFB two-year fixed rates now from 2.34% and from 2.76% for short-term let two-year fixed rates.
There are also now new products available for brokers.
Free valuations are available on selected products across all property types, including large HMOs and MUFBs, with mortgages open to individual and limited company landlords.
“We’re excited to unveil our completely refreshed BTL range which gives brokers access to our most extensive set of BTL solutions,” said Darrell Walker, Chetwood Bank group sales director for CHL Mortgages for Intermediaries and ModaMortgages (pictured above).
“Our new range gives landlords more choice than ever before — no matter what type of BTL product they’re looking for.”
