CHL Mortgages for Intermediaries has expanded into the 80% LTV market with the launch of a new range of products across single dwelling, small house in multiple occupation (HMO) and short-term let property types.
The new products include 3.5% and 5% fee options, with 2-year fixed rates starting from 3.40% and 5-year rates from 5.06%.
For landlords looking to limit upfront costs, £0 fee options are also available, with 2-year fixed rates starting at 5.90% and 5-year rates from 6.16%.
Borrowers can access loans up to £750,000, with products available to both individuals and limited companies.
In addition, CHL has introduced four limited edition 75% LTV products across its single dwelling and small HMO ranges, each carrying a 7% fee.
Darrell Walker (pictured), Chetwood Bank group sales director for CHL Mortgages for Intermediaries and ModaMortgages, said: “We’re proud to announce this expansion of our upper LTV buy-to-let offering which marks a significant step forward in our mission to give landlords greater choice and flexibility.
“Whether your client is looking for a product which enables them to pay more upfront in return for lower rates over time, or a fee-free product which allows them to minimise their upfront costs, these new products reaffirm our commitment to supporting landlords with competitive solutions.”
