CHL Mortgages expands CHL 1 product range

Specialist buy-to-let lender, CHL Mortgages, has expanded its CHL 1 product range, adding 55% LTV options and five-year fixed rate products to the range.

Interest rates start from 3.19% for a standard buy-to-let two-year fixed rate and 4.67% for a five-year fix, available 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% for standard buy-to-let and 3.28% for HMO/MUFB. 70% LTV products are available from 3.35% and 3.37% respectively, while 75% LTV products start from 4.54% for standard and 4.55% for HMO/MUFB.

Product fees are available in 2%, 5% and 7% options.

Ross Turrell, commercial director at CHL Mortgages, commented: “We are delighted to announce that we have expanded our CHL 1 product range by re-introducing five-year fixed products and added new 55% LTV bands. These additions have been made to help intermediaries better serve their clients' needs.”