CHL Mortgages has enhanced its product range for buy-to-let investors by introducing a 3.5% product fee option available across all LTV bands. This new option complements existing fee structures of 2%, 5%, and 7%.
The range now includes varying interest rates starting at 3.20% for standard buy-to-let properties and 3.22% for HMO/MUFB properties, applicable to 2-year fixed terms with up to 55% LTV and a 7% product fee.
Additionally, 5-year fixed terms begin at 4.55% for standard properties and 4.62% for HMO/MUFB properties.
Ross Turrell, commercial director at CHL Mortgages, said: “The roller coaster of swap rates continues with the 5-year fixed swap once again breaching 4%.
“With pressure on the ICR calculation, we are seeing more demand for subsidised lower rates and have broadened our range with a mid-point fee option.”
