New range features a sub-4% two-year fixed rate
Specialist lender CHL Mortgages has introduced a limited edition range of two- and five-year fixed rate buy-to-let products.
The new range features two- and five-year fixed rate options starting from 3.95% and 4.99%, respectively. The products are available for individual, limited company, and house in multiple occupation (HMO) or multi-unit freehold block (MUFB) landlords, with options up to 75% loan-to-value (LTV). Customers can choose between a 2% or 5% fee.
The launch follows the lender’s recent announcement of rate cuts across its buy-to-let range to support brokers in securing suitable deals for their landlord clients.
“At CHL Mortgages, we’re constantly monitoring the market and looking at changes in demand to ensure we’re creating the products brokers need to meet their clients’ ever-changing requirements,” said Ross Turrell (pictured left), commercial director at CHL Mortgages.
“Our new limited edition products expand on our already competitive range and recent criteria enhancements, offering intermediaries and their clients even greater choice.”
New BDM for North London
In addition to the product launch, CHL Mortgages has announced the appointment of Stuart Kay (pictured right) as its new business development manager (BDM) for North London.
Kay returns to CHL Mortgages, where he initially joined in 1994, bringing over 30 years of BDM experience.
“Having worked with Stuart previously, I know the depth of knowledge and experience he brings,” Turrell said. “Stuart knows the buy-to-let industry intimately and is well-established within the broker community. I’m thrilled to welcome him back to the team.”
Commenting on his appointment, Kay expressed excitement in rejoining the lender, especially following the acquisition of CHL Mortgages for Intermediaries by Chetwood Financial.
“Our strong proposition and broad criteria will appeal to brokers looking for ways to help their landlord clients, and I can’t wait to get started,” he said.
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