CHL Mortgages launches limited-edition BTL range and relaxes criteria

The specialist lender’s new two- and five-year fixed-rate products start from 3.6% and are available on standard single dwelling properties, as well as HMOs and MUFBs with up to six bedrooms or units.

Products are available to both individual and limited company landlords at up to 80% LTV, with a choice of product fee options.

CHL has also made several changes to its lending criteria, including opening applications to first-time buyers and removing the minimum income requirement for non-first-time buyers.

The lender has reduced its minimum property valuation requirements and increased the maximum permitted height for blocks of flats, including ex-local authority properties, to 20 storeys.

Roger Morris, group distribution director at CHL Mortgages, said: “We’re committed to helping landlords achieve their property goals and these criteria enhancements do just that.

“And when you add the new limited edition range, with support for both standard and specialist properties, we’re delivering the flexibility and choice that today’s investors demand.”