CHL announces updates to product range

CHL Mortgages has revised its product range to assist landlords with cashflow

Related topics:  Finance,  Landlords,  Mortgages
Property | Reporter
8th May 2024
Ross CHL 623

According to the specialist buy-to-let lender, products are now available with 2%, 3.5%, 5% and 7% fee options and LTV bandings of 55%, 65%, 70% and 75%.

2-year fixed rates start from 3.41% for a Standard Buy-to-Let, with HMO/MUFB products starting from 3.43%.

5-year fixed products are also available, starting from 4.76% for a Standard Buy-to-Let, with HMO/MUFB products starting from 4.83%.

ICR calculations:

· 5-year fixed: Pay rate

· 2-year fixed: 5.5% or pay rate plus 2% (whichever is higher)

Ross Turrell, Commercial Director, CHL Mortgages, commented: "Despite the recent increasing swap rates, we are still pleased to provide low rate options to landlords which is a useful solution to assist with cash flow."

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.