The lender has added three buy-to-let (BTL) fixed rates and two self-cert discount trackers. Two of the BTL fixes have a rate of 5.49 per cent and are available at 85 and 90 per cent loan-to-value (LTV) and are offered with free valuation fees, and free legal fees. Completion fees range from one to 1.25 per cent of the advance.
The third BTL product is offered at 5.99 per cent and is available at 90 per cent LTV with a completion fee of 2 per cent of the advance. All advances on the BTL products are set at a minimum of £300.
The two self-cert trackers are priced at Base Rate plus 1.14 per cent,
available up to 85 per cent LTV with a completion fee of £499. The other is priced the same and is available between 85.1 to 90 per cent LTV. It is not available to first-time buyers and has a completion fee of 0.5 per cent of the advance.
Trevor Child, head of sales and marketing at CHL Mortgages, commented: “These products continue to offer real value for our broker partners in both the buy-to-let and self-cert sectors. In particular, our 5.49 per cent fixed rate BTL mortgages are proof that CHL continues to provide highly attractive products for their clients. These products are made even more attractive with the addition of free legal fees and free valuation for properties up to £500,000 in value.”
Mike Pendergast, IFA at Zen Financial Services, said: “The going rate for BTL is 6 per cent plus so these are decent rates, though the arrangement fees are mid to high.”
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