CHL Mortgages for Intermediaries has introduced free valuation on selected products and cut rates by up to 0.39%.
The free valuation is now offered on certain options in both the lender’s CHL1 limited edition and CHL2 large houses in multiple occupation (HMO) ranges.
CHL1 products cover a range of properties, including buy-to-lets (BTLs), HMOs and multi-unit freehold blocks (MUFBs) of up to six bedrooms or units.
The CHL2 range is aimed at landlords with large HMOs and MUFBs of up to 10 bedrooms or units.
Following the changes, 2-year fixed rates now start from 2.35% and 5-year fixed rates from 4.48%.
The products are available to both individual and limited company landlords, with maximum loan-to-values (LTVs) up to 75% and a choice of product fees.
Darrell Walker, group sales director for CHL Mortgages for Intermediaries and ModaMortgage, said: “We’re delighted to introduce free valuations on selected products on our CHL1 limited edition and CHL2 large HMO ranges.
“We’re particularly excited to be able to offer free valuations on large HMOs – this is fantastic news for landlords who are looking to invest in properties with up to 10 bedrooms.
“The free valuations, combined with the rate reduction across all products and ranges, means we can offer brokers even more choice and ways of supporting their buy-to-let clients to get the products they need.”
