CHL Mortgages adds new LTV bands

Jake Carter

December 3, 2021

launch products limited edition

CHL Mortgages has introduced a raft of products across new loan-to-value (LTV) bands, reduced rates on existing deals, and introduced 2-year fixed rate options for landlords.

Rates now start from 2.69% on the lenders’ 5-year fixed rate buy-to-let (BTL) product range (up to 50% LTV) and from 2.85% up to 75% LTV.

Both are available on the individual and limited company offerings with product fees ranging from 1.25% to 2%.

A 2.93% 2-year fixed rate at 60% LTV and a 2.99% 2-year fixed rate at 70% LTV have been introduced to replace the previous 2-year 65% and 75% LTV BTL products.

Both are available for individual and limited company ranges, with a 2% product fee.

The lender’s houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) range has also seen the introduction of several new products as well as rate reductions across existing LTV bands.

5-year fixed rates start from 2.94% at 50% LTV and from 3.15% up to 75% LTV.

This range also includes a 0% product fee option at 65% and 75% LTV for 2-year fixed products.

Ross Turrell, commercial director of CHL Mortgages, said: “The specialist BTL marketplace continues to see sustained levels of interest and enquiries from investors, developers and landlords who are looking to take advantage of rising tenant demand and a highly competitive lending environment.

“Meaning lenders need to constantly evaluate their product offerings to meet their ever-shifting needs.

“We expect these positive changes to be welcomed by our growing distribution panel and these will attract even more business to bolster what has been a hugely encouraging first six months back in the specialist buy-to-let lending arena.”

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