CHL Mortgages increases buy-to-let rates
Products are available with 2%, 5% and 7% fees, along with the recently launched 3.5% option.
"Despite the recent increasing swap rates, we are still pleased to provide low rate options to landlords which is a useful solution to assist with cashflow."
- Ross Turrell, commercial director at CHL Mortgages
Specialist buy-to-let lender, CHL Mortgages, has revised rates across its product range.
Two-year fixed rates now start from 3.41% for a standard buy-to-let, with HMO/MUFB products starting from 3.43%.
Five-year fixed products are available from 4.76% for a standard buy-to-let, with HMO/MUFB products starting from 4.83%.
Five-year fixed rate ICR is calculated at pay rate while two-year fixes are at 5.5% or pay rate plus 2% (whichever is higher).
Products are available with 2%, 3.5%, 5% and 7% fee options and LTV bandings of 55%, 65%, 70% and 75%.
CHL launched its new 3.5% product fee option across all LTV bands earlier this month.
Ross Turrell, commercial director at CHL Mortgages, commented: "Despite the recent increasing swap rates, we are still pleased to provide low rate options to landlords which is a useful solution to assist with cashflow."
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