CHL Mortgages launches higher fee buy-to-let products

CHL Mortgages for Intermediaries has added products with higher fee options to its limited edition buy-to-let range to help more landlords access its higher LTV mortgages.

The limited edition range now features new 6% and 7% fee options on the two-year fixed rate range and a new 6% fee option on the five-year fixed rate range, both available up to 75% LTV.

Rates for standard two-year fixed products start from 3.12%, with five-year fixed products starting from 4.76%.

The lender has also reduced rates by up to 30bps across its CHL 2 core product range with two-year fixed products now starting from 3.27% and five-year fixed products starting from 5.06%.

Ross Turrell, commercial director at CHL Mortgages, said: “We’re always looking for new ways to be as competitive as possible and adding these higher fee products to our limited edition buy-to-let range enables us to explore new segments of the market. 

“By entering the 75% LTV area of the high fee market, we’re giving landlords even more choice, helping to improve affordability and enabling them to access higher LTV mortgages.”