CHL expands buy-to-let range with new products and LTV tiers

CHL Mortgages for Intermediaries has overhauled its buy-to-let range, including an expansion in the number of products, rate cuts of up to 44bps, new LTV tiers and increased fee options.

The specialist lender has expanded its product offering to provide brokers with more choice, while cutting rates across its CHL 1 and CHL 2 ranges.

Rates for single dwelling two-year fixed-rate products now start from 2.24%, with rates for small HMO/MUFB two-year fixed rates now from 2.34% and from 2.76% for short-term let two-year fixed rates. 

Free valuations are available on selected products across all property types, including large HMOs and MUFBs, with mortgages open to individual and limited company landlords.

The lender’s CHL 1 range offers products for a wide range of property types, from single dwelling buy-to-lets to HMOs and MUFBs of up to six bedrooms/units, while the CHL 2 range is aimed at landlords with more complex property types, such as large HMOs or MUFBs of up to 10 bedrooms/units, short term lets and serviced accommodation. 

Darrell Walker (pictured), group sales director for CHL Mortgages for Intermediaries and ModaMortgages, said: “We’re excited to unveil our completely refreshed buy-to-let range which gives brokers access to our most extensive set of buy-to-let solutions.

“Our new range gives landlords more choice than ever before – no matter what type of buy-to-let product they’re looking for.”