CHL Mortgages reduces rates and launches new short-term lets range

CHL Mortgages for Intermediaries has reduced rates by up to 15bps on selected limited edition buy-to-let mortgages and launched seven new products across its short-term lets range including products with free valuation and £0 product fee.

The limited edition range reductions means that borrowers can now choose from two or five-year fixed rates starting from 2.56% for single dwelling properties, or 2.60% for HMOs or MUFBs, all with a choice of product fee options. 

The new short-term let products are suitable for borrowers intending to let out holiday let properties or serviced apartment property for a short period of time. The range now features two and five-year fixed rate products with free valuation and £0 product fee options, all at 75% LTV.

Darrell Walker (pictured), group sales director at CHL Mortgages, said: “This rate reduction on our limited edition range further demonstrates our support for landlords.

“And with our short-term let range now offering borrowers options with free valuation and no product fee, this is a great opportunity for landlords who may be looking to diversify their portfolios and explore other investment opportunities.”