Specialist lender CHL Mortgages for Intermediaries has announced that it has cut rates across its short-term lets range by a further 30bps.
The range, which is suitable for borrowers who intend to let a property for a short period of time such as a holiday let or serviced apartment, now features 2-year fixed rate products from 4.09% and 5-year fixed rate products from 4.94%, all at 75% LTV.
Borrowers can choose between 3.5% or 5% fee options on the 2-year fixed rate products and between 3.5%, 5% or 7% fee options on the 5-year fixed rate products.
“We’re delighted to announce we’re cutting rates across our short-term lets range by a further 30bps," said Darrell Walker (pictured), Group Sales Director at CHL Mortgages for Intermediaries, “The reduction follows on from an earlier cut we made to rates in February and gives even more support to landlords who are looking to diversify their portfolios and explore other investment opportunities.”
