CHL Mortgages reduces rates and launches free valuation products 

CHL Mortgages for Intermediaries is introducing free valuation products and reducing rates across its by up to 0.39%.

The new free valuation option is available on selected products in both the lender’s CHL1 limited edition and CHL2 large HMO ranges. 

CHL1 offers products for a wide range of property types, from standard buy-to-lets to HMOs and multi-unit freehold blocks (MUFBs) of up to six bedrooms/units.

CHL2 is ideal for landlords with more complex property types, such as large HMOs and MUFBs of up to 10 bedrooms/units.

The lender has also reduced rates by up to 39bps across all products and ranges, with two-year fixed rates now starting from 2.35% and five-year fixed rates from 4.48%.

All products are available to individual and limited company landlords, with LTVs up to 75% and a choice of product fees available.

Darrell Walker (pictured), group sales director for CHL Mortgages for Intermediaries and ModaMortgages, said: “We’re delighted to introduce free valuations on selected products on our CHL1 limited edition and CHL2 large HMO ranges. We’re particularly excited to be able to offer free valuations on large HMOs - this is fantastic news for landlords who are looking to invest in properties with up to 10 bedrooms. 

“The free valuations, combined with the rate reduction across all products and ranges, means we can offer brokers even more choice and ways of supporting their buy-to-let clients to get the products they need.”