CHL Mortgages has lowered rates by up to 0.78% on its CHL 2 product range.
The CHL 2 product range has flexible criteria that caters for the more complex client and property types. It offers a range of product options, including Standard Buy-to-Let, Small and Large HMO/MUFB, Short Term Lets, and the Light Refurbishment Range. All CHL Mortgages’ products are available to individuals and Limited Companies.
The lowest interest rates in the CHL 2 range are for a 5-year fixed up to 70% LTV with a 7% fee, which now starts from 4.62% for Standard Buy-to-Let, 4.65% for Small HMO/MUFB and 4.80% for Large HMO/MUFB.
The Light Refurbishment range has rates from 4.67% Standard Buy-to-Let and 4.70% Small HMO/MUFB for a 5-year fixed, up to 70% LTV with a 7% fee.
The 2-year fixed options in CHL 2 start from 5.00% for a Standard Buy-to-Let, up to 70% LTV with a 5% fee. Short Term Lets are also reduced, with the lowest rate in this range being 5.08% for a 2-year fixed up to 70% LTV, with a 5% fee.
75% LTV options are also available across CHL 2, with rates starting from 5.61% for a 5-year fixed Standard Buy-to-Let with 3% fee.
Product fees for CHL 2 are available in 2%, 3%, 5% and 7% options.
Ross Turrell (pictured), commercial director at CHL Mortgages, said: “Our CHL 2 product range has been designed to offer broader criteria options for landlords with more complex situations and as swap rates continue to stabilise, we are pleased to introduce lower-priced products.”