CHL Mortgages launches limited edition range and criteria enhancements
The specialist lender’s new limited edition range features products suitable for single dwelling properties and HMOs and MUFBs with up to six bedrooms or units.
CHL Mortgages has launched a range of limited edition 2- and 5-year fixed rate products alongside a number of criteria enhancements.
The specialist lender’s new limited edition range features products suitable for single dwelling properties and houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) with up to six bedrooms or units, with rates starting from 3.60%.
The range is available to individual and limited company landlords up to 80% loan-to-value (LTV) with a choice of product fee options.
CHL Mortgages has also expanded its criteria to accept applications from first-time buyers and removed its minimum income requirement for borrowers who are not first-time buyers.
Minimum property valuations have been reduced, while the maximum number of storeys accepted in blocks of flats, including ex-local authority blocks, has increased to 20.
Roger Morris (pictured), group distribution director for CHL Mortgages, said: “We’re committed to helping landlords achieve their property goals and these criteria enhancements do just that.
“And when you add the new limited edition range, with support for both standard and specialist properties, we’re delivering the flexibility and choice that today’s investors demand.”
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