CHL Mortgages launches limited-edition products and cuts short-term let buy-to-let rates

CHL Mortgages has launched a limited-edition product range with buy-to-let mortgage rates from 2.70% and cut pricing across its short-term let range by 30bps.

The specialist lender's new limited-edition products are priced from 2.70% on single dwelling properties and from 2.80% on HMO and MUFB properties with up to six bedrooms or units.

Following the short-term let repricing, rates on those products now start from 3.16%, covering landlord clients who intend to let on a short-term basis, including holiday lets and serviced apartments.

Both individual and limited company borrowers are eligible across the range, with maximum LTV set at 80%. The products come with a choice of fee options, and free valuations are available on selected short-term let cases, providing brokers with some useful flexibility on placement costs.

Mil Consiglio, head of sales at CHL Mortgages (pictured), said: "We're excited to be launching these new limited-edition products with rates from 2.70%, as well as slashing rates by 30bps across our short-term let range.

"This reflects our focus on delivering great value products for landlords who may be looking to diversify their portfolios and explore other investment opportunities."