Chetwood Bank has raised the maximum exposure limit to £10m for both its ModaMortgages and CHL Mortgages for Intermediaries BTL brands.
These limits, for both lenders, have been doubled from £5m to help support brokers with clients looking to grow portfolios or purchase higher value properties.
A 20-property portfolio limit for ModaMortgages has also been lifted, matching the unlimited nature of the CHL Mortgages for Intermediaries brand.
“As the market evolves, we remain focused on delivering flexible, competitive products, including solutions that enable larger-scale portfolio growth and support higher value investments,” said Darrell Walker, group sales director at Chetwood Bank (pictured above).
“Brokers with investors with large portfolios just in excess of £10m are invited to pick up the phone and speak with one of our BDMs to see if we can support their request.”
