It now offers rates from 3.19%
Specialist buy-to-let lender CHL Mortgages has expanded its CHL 1 product range by introducing new options that include 55% loan-to-value (LTV) and five-year fixed rate products.
The lender now offers interest rates beginning at 3.19% for two-year fixed rates, with five-year fixed rates starting at 4.67%. These rates apply to standard buy-to-let products up to 55% LTV, accompanied by a 7% product fee.
For houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB) products, the interest rates are slightly higher at 3.21% for a two-year fix and 4.73% for a five-year fix.
CHL Mortgages said higher LTV options are also available across its product range. For 65% LTV, the rates start from 3.25% on standard BTL and 3.28% for HMO or MUFB. For products with a 70% LTV, the starting rates are 3.35% for standard BTL and 3.37% for HMO or MUFB. Products at 75% LTV have starting rates of 4.54% for standard BTL and 4.55% for HMO or MUFB.
The lender also offers a variety of product fees, including 2%, 5%, and 7% options on the CHL 1 range, designed for both individuals and limited companies.
“We are delighted to announce that we have expanded our CHL 1 product range by re-introducing five-year fixed products and added new 55% LTV bands,” said Ross Turrell (pictured), commercial director at CHL Mortgages. “These additions have been made to help intermediaries better serve their clients’ needs.”
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