Chetwood Bank has increased the maximum buy-to-let exposure limit to £10m for both its ModaMortgages and CHL Mortgages for Intermediaries brands.
The decision doubles the previous £5m ceiling and is aimed at supporting brokers with clients looking to expand their portfolios or acquire higher value properties.
The lender has also removed the 20-property portfolio limit on ModaMortgages. This change allows borrowers to own an unlimited number of properties up to a total exposure of £10m with either brand, as well as with other lenders.
Chetwood said all applications will continue to undergo full underwriting review, with assessments taking into account applicants’ circumstances and the potential impact of future interest rate rises.
Darrell Walker, Chetwood Bank’s group sales director, said: “Raising our maximum exposure limit to £10m for both our mortgage lenders marks an important step in our continued support for landlords and property investors.
“As the market evolves, we remain focused on delivering flexible, competitive products, including solutions that enable larger-scale portfolio growth and support higher value investments.
“Brokers with investors with large portfolios just in excess of £10m are invited to pick up the phone and with speak with one of our BDMs to see if we can support their request.”
The bank said the changes strengthen its offering for brokers working with professional landlords, particularly those seeking to refinance or scale portfolios beyond previous limits.
It added that the enhanced exposure cap and removal of restrictions give intermediaries greater flexibility at a time of shifting market conditions.
