CHL Mortgages for Intermediaries has cut rates by up to 0.15% on selected limited edition buy-to-let (BTL) products and launched seven new options in its short-term lets BTL range.
The rates start from 2.56% for single dwelling properties and from 2.60% for houses in multiple occupation (HMOs) or multi-unit freehold blocks (MUFBs), with a choice of product fee options.
The short-term let products are aimed at borrowers planning to let out holiday lets or serviced apartments for a short period.
The range now includes 2-year and 5-year fixed rate deals with free valuation and £0 product fee options, all at 75% loan-to-value (LTV).
Darrell Walker (pictured), group sales director at CHL Mortgages, said: “This rate reduction on our limited edition range further demonstrates our support for landlords.
“And with our short-term let range now offering borrowers options with free valuation and no product fee, this is a great opportunity for landlords who may be looking to diversify their portfolios and explore other investment opportunities.”
