CHL Mortgages for Intermediaries has expanded its limited edition buy-to-let (BTL) range to include higher fee options, aiming to help landlords access higher loan-to-value (LTV) mortgages.
The new offerings feature 6% and 7% fee options on 2-year fixed-rate mortgages at 75% LTV, alongside a new 6% fee option on the 5-year fixed-rate range, also at 75%.
Rates for the standard 2-year fixed products start from 3.12%, while 5-year fixed products begin at 4.76%.
The lender also reduced rates by up to 0.30% across its CHL 2 core product range, with 2-year fixed products starting from 3.27% and 5-year fixed products from 5.06%.
Ross Turrell (pictured), commercial director at CHL Mortgages, said: “We’re always looking for new ways to be as competitive as possible and adding these higher fee products to our limited edition buy-to-let range enables us to explore new segments of the market.
“By entering the 75% LTV area of the high fee market, we’re giving landlords even more choice, helping to improve affordability and enabling them to access higher LTV mortgages.”
