CHL Mortgages increases buy-to-let rates

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."