CHL Mortgages for Intermediaries is moving into the 80% LTV lending space with a new range of buy-to-let products.
The specialist lender is launching 3.5% and 5% fee options for single dwellings, small HMOs and short-term rental property types, with rates starting from 3.40% for a two-year fixed-rate product and 5.06% for a five-year product.
There are also new £0 fee options for landlords looking to minimize upfront costs, with two-year fixed rates starting from 5.90% and five-year fixed rates from 6.16%.
Landlords can borrow up to £750,000 and the product is available to individuals and limited companies.
The lender has also launched four limited-edition 75% LTV products, with both its single-residence and small HMO ranges charging 7% fees.
Darrell Walker, sales director for CHL Mortgages for Intermediaries and ModaMortgages at Chetwood Bank Group, said: “We are proud to announce the expansion of our LTV buy-to-let service, which marks an important step in our mission to offer landlords more choice and flexibility.
“Whether your customers are looking for a product that allows them to pay more up front in exchange for lower rates, or a free product that allows them to minimize upfront costs, these new products reaffirm our commitment to providing competitive solutions for landlords.”
In September, CHL launched a comprehensive update to its buy-to-let range, including an expanded product range, rate cuts, new LTV tiers and increased fee options.
