CHL Mortgages launches new buy-to-let rates from 3.00%

Specialist buy-to-let lender, CHL Mortgages, has reduced rates by up to 0.37%.

Standard two-year fixed rates now start from 3.00%, with five-year fixed rates starting from 4.35%.

HMO/MUFB two-year fixed rate products are available from 3.02% and five-year fixed rate products start from 4.42%.

Products are available with 2%, 5% and 7% fee options and LTV bandings of 55%, 65%, 70% and 75%.

ICR is calculated at pay rate for five-year fixed rates and at the higher of 5.5% or pay rate plus 2% for two-year fixed rates.

Ross Turrell, commercial director at CHL Mortgages, commented: "As we move ever closer to the point at which the Bank of England will reduce the base rate, we see improvements on the forward swap curves.

"As a result, we’re pleased to be able to reduce both two-year and five-year fixed rates, which in turn will offer more choice for brokers and the landlord community."