CHL Mortgages cuts buy-to-let rates by up to 25bps

Specialist buy-to-let lender, CHL Mortgages, is reducing rates by up to 25bps across its short-term let products and by up to 10bps across its limited edition buy-to-let range.

Limited edition rates for single dwelling properties now start from 2.85% and from 2.95% for HMO and MUFB properties with up to six bedrooms or units. 

Meanwhile, rates for short-term let properties, such as holiday lets or serviced accommodation apartments, now start from 3.46%.

All products are open to individual and limited company landlords, with a choice of fee options, up to 80% LTV available and free valuations on selected short-term let products.

Roger Morris, group distribution director for CHL Mortgages and ModaMortgages, said: “We’re delighted to be able to make these rate cuts across our limited edition and short-term let product ranges.

“The reductions reflect our focus on delivering greater value for landlords while giving them the opportunity to diversify their portfolios and explore other investment opportunities.”