Specialist buy-to-let lender CHL has withdrawn its mortgage range as lenders attempt to take stock following yesterday’s economic trouble.
CHL, which lends within England and Wales exclusively through intermediaries, said it would return with new products at a later date.
A statement from the lender said: “Our product range has been withdrawn. DIPs which were submitted before 5pm on 26th September on our most recent range need to be converted to an application and fully submitted with fees paid by 5pm on 27th September.
“We are currently reviewing our product range and will let brokers know when we have new products available.
“In the meantime brokers can continue to administer existing applications as normal.”
Numerous lenders have pulled products so far with more expected today.
