The products are available to a maximum of 70% LTV with a 3% product fee
CHL Mortgages, an intermediary-only specialist buy-to-let lender, has relaunched two-year and five-year fixed rate products across all ranges to complement the recently launched Lifetime Tracker products.
All fixed rate products are available to a maximum of 70% LTV with a 3% product fee. The five-year fixed rate products have an early repayment charge (ERC) percentage of 5/4/3/2/1, while two-year fixed rate products have an ERC percentage of 3/2.
CHL Mortgages said its full product range catered for first-time landlords, portfolio landlords, limited companies, and limited liability partnership covering a variety of BTL investments, including houses in multiple occupation and multi-unit freehold blocks.
“We know that our intermediary partners find it challenging to make the rental calculations work for their landlord clients in the current economic climate,” Ross Turrell (pictured), commercial director at CHL Mortgages, said.
“The launch of the five-year fixed rate products, stressed at pay rate are designed to assist and potentially generate a higher maximum advance. Furthermore, we lock in the ICR calculation on our lifetime tracker products at the application stage once all the fees are paid.”
