Category: Buy-to-let
The product pricing starts at 1.99% for properties with an energy efficiency rating of A, which is a discount of 3.1% for two years.
To support the return of higher LTVs, the lender has also launched two 2 and 5-year fixed rate products.
The Funding Gap (TFG) was established in August 2014 to provide companies and high net worth individuals with a route to available funding in a difficult and increasingly risk-averse market.
The app enables landlords to manage and track their portfolio’s data, as well increase their understanding of their finance needs.
Moray Hulme, director of mortgage sales at Paragon Bank, said: “With the government proposing that PRS homes will need a minimum EPC rating of C for new tenancies by 2025 and for all homes in the sector by 2028, we recognise that a number of landlords may need to modify their portfolios.”
The portal will allow brokers to complete the product transfer journey in less than 15 minutes with everything completed online.
Industry stalwart Alan Cleary, group managing director for mortgages at One Savings Bank (OSB), is set to retire after 30 years in the mortgage market.
CHL Mortgages’ buy-to-let product range is available through an array of networks, mortgage clubs, and intermediary brands.
Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to introduce this improved range, which offers even better value to those with a larger deposit.”
The range is available both direct and via intermediaries for both purchases and remortgages.