"Our CHL 2 product range has been designed to offer broader criteria options for landlords with more complex situations"
- Ross Turrell, commercial director at CHL Mortgages
CHL Mortgages has lowered rates by up to 0.78% on its CHL 2 buy-to-let product range.
The CHL 2 range has flexible criteria that caters for 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 light refurbishment. All CHL Mortgages’ products are available to individuals and limited companies.
The lowest interest rates in the CHL 2 range are for a five-year fix 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% for standard buy-to-let and 4.70% for small HMO/MUFB for a five-year fix up to 70% LTV with a 7% fee.
Two-year fixed options in CHL 2 start from 5.00% for 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 at 5.08% for a two-year fix at 70% LTV with a 5% fee.
75% LTV options are also available across CHL 2, with rates starting from 5.61% for a five-year fixed standard buy-to-let with a 3% fee.
Product fees for CHL 2 are available in 2%, 3%, 5% and 7% options.
The latest round of reductions follows cuts of up to 0.65% across the CHL 1 product range earlier this month.
Ross Turrell, commercial director at CHL Mortgages, commented: "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."
