CHL Mortgages adds new LTV bands

Ross Turrell, commercial director of CHL Mortgages, said: “The specialist BTL marketplace continues to see sustained levels of interest and enquiries from investors, developers and landlords who are looking to take advantage of rising tenant demand."

CHL Mortgages adds new LTV bands

CHL Mortgages has introduced a raft of products across new loan-to-value (LTV) bands, reduced rates on existing deals, and introduced 2-year fixed rate options for landlords.

 

Rates now start from 2.69% on the lenders’ 5-year fixed rate buy-to-let (BTL) product range (up to 50% LTV) and from 2.85% up to 75% LTV.

Both are available on the individual and limited company offerings with product fees ranging from 1.25% to 2%.

A 2.93% 2-year fixed rate at 60% LTV and a 2.99% 2-year fixed rate at 70% LTV have been introduced to replace the previous 2-year 65% and 75% LTV BTL products.

Both are available for individual and limited company ranges, with a 2% product fee.

The lender's houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) range has also seen the introduction of several new products as well as rate reductions across existing LTV bands.

5-year fixed rates start from 2.94% at 50% LTV and from 3.15% up to 75% LTV.

This range also includes a 0% product fee option at 65% and 75% LTV for 2-year fixed products.

Ross Turrell, commercial director of CHL Mortgages, said: “The specialist BTL marketplace continues to see sustained levels of interest and enquiries from investors, developers and landlords who are looking to take advantage of rising tenant demand and a highly competitive lending environment.

"Meaning lenders need to constantly evaluate their product offerings to meet their ever-shifting needs.

“We expect these positive changes to be welcomed by our growing distribution panel and these will attract even more business to bolster what has been a hugely encouraging first six months back in the specialist buy-to-let lending arena.”

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