Specialist lender CHL Mortgages for Intermediaries has announced that it has added three new products to its limited-edition range, aimed at landlords looking to purchase or remortgage an HMO or multi-unit freehold block of up to six bedrooms/units.
Landlords can now opt for 3.5% or 5% fee options when choosing a two-year fixed rate, or a 2% fee option when selecting a five-year fixed rate. All products are available to individual and limited company landlords, with up to 75% LTV available.
In addition to this, it has also reduced rates by up to 17bps across its CHL1 buy-to-let mortgage range, which includes limited-edition products.
The lender’s CHL1 range, which offers versatile mortgages suitable for a wide range of property types, from studio flats to houses in multiple occupation with up to six bedrooms, now start from 2.67% for two-year fixed rates and from 4.56% for five-year fixed rates.
“We’re delighted to announce we’ve reduced rates across our CHL1 range, said Ross Turrell, Commercial Director at CHL Mortgages, “The launch of the additional limited-edition products further enhances the options we’re offering to landlords looking to explore the opportunities that HMOs and MUFBs can offer.”
