Rates of its two- and five-year fixes were cut
Intermediary-only lender CHL Mortgages has announced reductions to the pricing of its two- and five-year fixed rate products.
Available to individual and limited company or limited liability partnership borrowers, CHL’s five-year fixed rates on its core range of small and large houses in multiple occupation (HMO) or multi-unit freehold blocks (MUFB) and short-term lets now start from 5.37%. The small HMO/MUFB five-year fixed rates now start from 5.42%, and the large HMO/MUFB five-year fixed rates start from 5.47%.
The buy-to-let lender’s core range of products are available up to 75% loan-to-value (LTV) with a variety of fee options, including a fixed fee of £1,999, available to maximum loan sizes of £200,000, as well as a 2% fee options. Further fee options of 3%, 4% and 5% are available to 70% LTV.
The lender said it would continue to offer three-year tracker products within its core range, with rates and fees remaining unchanged.
CHL Mortgages has also reduced two- and five-year fixed rates across its refurbishment BTL range of cosmetic improvement, EPC improvement, and light refurbishment.
The two- and five-year fixed rates start from 5.99% on cosmetic improvement. EPC improvement or green product rates start from 6.04%, while light refurbishment starts from 6.09%. All refurbishment range products are available up to 70% LTV with a 3% product fee.
The full details of CHL Mortgages’ product offering reflecting the latest rate reductions can be found on its product guide available online.
“As the market continues to stabilise, we are pleased to be able to support our intermediary partners by offering lower interest rates,” Ross Turrell (pictured), commercial director at CHL Mortgages, said.
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