It also expands fee options for landlords
Specialist buy-to-let lender CHL Mortgages has lowered rates across its entire five-year fixed range by up to 34 basis points, with rates now starting from 5.94%.
The lender has also expanded the fee options available to landlords, with a newly introduced 7% fee option available up to 70% loan-to-value (LTV). A 5% fee option also remains available up to 70% LTV, while the 2% and 3% fee deals are available up to 75% LTV.
In the lender’s core product range, individual and limited company or limited liability partnership rates now start from 5.94%, house in multiple occupation and multi-unit freehold block rates from 5.99%, and short term let products from 6.49%. Products in the refurbishment range now start from 5.99%.
Full details of CHL Mortgages’ new rates, reflecting the latest changes, can be viewed on the buy-to-let product guide available on its intermediaries website.
“We have started to see a stabilisation in the money markets recently, which has enabled us to reduce our rates,” commented Ross Turrell (pictured), commercial director at CHL Mortgages.
“Additionally, we have taken the opportunity to implement a number of different fee options, which alongside our broad criteria and underwriting experience, further supports our intermediaries and their clients’ needs.”
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