CHL Mortgages has launched a limited edition range of buy-to-let (BTL) mortgage products, including 2-year and 5-year fixed rate options for standard and house in multiple occupation (HMO) or multi-unit freehold block (MUFB) properties.
The offerings feature standard 2-year fixed rates starting at 4.03% and 5-year fixed rates from 4.76%, available at 70% and 75% loan-to-value (LTV).
The range includes HMO/MUFB products for properties with up to six bedrooms or units, offering 2-year fixed rates starting at 5.56% as well as 5-year fixed rates at 75% LTV, with options for both 70% and 75% LTV.
All products can be accessed by individual and limited company landlords and include a variety of product fees, including a fee-free option.
Ross Turrell, commercial director at CHL Mortgages, said: “We wanted to start the new year with a bang, so although swap rates are remaining stubbornly high, we’ve shaved margins to assist brokers and their landlord clients.
“Our limited edition products offer a broad range of fees including 5% and 7% options which subsidise the rate to improve the rent cover calculation and aid with cash flow.”
