CHL Mortgages has reintroduced a suite of 5-year fixed rate products to its product range.
Interest rates on the 2% fee products start from 6.85% and are available to a maximum 75% loan-to-value (LTV).
3% and 5% product fee options are also available and offered to a maximum 70% LTV with interest rates starting from 6.09%.
Products in the core range include individuals & limited companies, small HMOs & MUFBs, large HMOs & MUFBs, and short-term lets.
Its refurbishment product range is also available to maximum LTV of 75% and includes light refurbishment, EPC improvement and cosmetic improvement.
All 5-year fixed rate products come with an ERC percentage of 5/4/3/2/1.
Ross Turrell, commercial director at CHL Mortgages, said: “In this challenging economic climate, 5-year fixed rates provide the stability of payments for landlords and enable lenders to take a lower rental cover calculation by using the pay rate”.
