CHL Mortgages cuts rates up to 25bps across BTL ranges
By Jon YarkerCHL Mortgages has reduced rates by up to 25bps across its short-term let products and by up to 10bps across its limited edition BTL range.
Limited edition rates for single dwelling properties now start from 2.85% and from 2.95% for HMO and MUFB properties with up to six bedrooms or units.
Meanwhile, rates for short-term let properties, such as holiday lets or serviced accommodation apartments, now start from 3.46%.
All products are open to individual and limited company landlords, with a choice of fee options, up to 80% LTV available and free valuations on selected short-term let products.
Roger Morris, Chetwood Bank group distribution director at CHL Mortgages and ModaMortgages (pictured above), said: “We’re delighted to be able to make these rate cuts across our limited edition and short-term let product ranges.
“The reductions reflect our focus on delivering greater value for landlords while giving them the opportunity to diversify their portfolios and explore other investment opportunities.”
Keywords: CHL Mortgages, rate cuts, limited edition BTL rates, short-term let mortgages, holiday let mortgage rates, serviced accommodation finance, BTL mortgage reductions, 2.85% single dwelling rates, 2.95% HMO MUFB rates, 80% LTV landlord products, free valuations short-term lets, landlord portfolio diversification
Source: BTL Insider — https://btlinsider.co.uk/chl-mortgages-cuts-rates-up-to-25bps-across-btl-ranges