Intermediary-only specialist buy-to-let lender CHL Mortgages has launched new lifetime tracker products across its entire core and refurbishment product ranges.
The products are available to a maximum 70% loan-to-value (LTV), with a 2-year Early Repayment Charge (ERC) of 3% in year one and 2% in year two. A 2% product fee applies across the range.
The full CHL Mortgages product range caters for first-time landlords, portfolio landlords, limited companies and LLPs covering a variety of BTL investments including HMOs and MUFBs.
Ross Turrell (pictured), commercial director, CHL Mortgages, said: “Our new lifetime trackers with a 2-year ERC are a great option for landlords wanting to purchase or remortgage.
“They offer a potentially lower monthly payment versus fixed rate alternatives in the current market, along with the flexibility to move into fixed rate products after two years.”
