CHL Mortgages expands its CHL 1 product range.
08 March 2024
The specialist buy-to-let (BTL) lender has expanded its CHL 1 product range, adding 55% LTV options and 5-year fixed rate products to the range.
Interest rates start from as low as 3.19% for the 2-year fixed, with the 5-year fixed starting from 4.67% - these are for Standard Buy-to-Let products up to 55% LTV with a 7% fee. Interest rates for the equivalent HMO/MUFB products are 3.21% and 4.73% respectively.
Higher LTVs are available across the range, with 65% LTV products starting from 3.25% (Standard BTL) and 3.28% (HMO/MUFB); 70% LTV products from 3.35% (Standard BTL) and 3.37% (HMO/MUFB); and 75% LTV products from 4.54% (Standard BTL) and 4.55% (HMO/MUFB).
Product fees are available in 2%, 5% and 7% options.
CHL 1, range offers Standard Buy-to-Let and HMO/MUFB products for Individuals and Limited Companies.
Ross Turrell, Commercial Director, CHL Mortgages, commented:
“We are delighted to announce that we have expanded our CHL 1 product range by re-introducing 5-year fixed products and added new 55% LTV bands. These additions have been made to help intermediaries better serve their clients' needs.”
