CHL Mortgages for Intermediaries has cut rates across its buy-to-let (BTL) range, with reductions of up to 0.32%.
The lender has dropped rates by up to 0.32% on its CHL 1 limited edition products, with 2-year fixed rates now starting at 2.35% and 5-year fixes from 4.40%.
Rates on the CHL 2 2-year fixed range have been cut by 0.30%, now starting from 2.59%, and by 0.10% on the CHL 2 5-year range, with rates from 4.68%.
Additionally, new 75% loan-to-value (LTV) 2-year fixed rate products with a 7% fee have been added to the CHL 2 range.
These are aimed at investors who want to pay a higher fee upfront in exchange for lower monthly payments.
All products are available to individual and limited company landlords, with a choice of product fees up to 75% LTV.
Darrell Walker, group sales director for CHL Mortgages for Intermediaries and ModaMortgages at Chetwood Bank, said: “This major reprice across our buy-to-let range, with reductions of up to 32bps, reinforces our commitment to offering competitive and compelling solutions for landlords.
“Alongside these rate cuts, the launch of a new product into our CHL 2 range will provide investors with even more choice when looking to potentially make savings in the long run by paying a higher fee up front.”
