CHL Mortgages has updated its product and criteria, the details are below. These products are available through our direct to lender mortgage club so contact us for more information on how our club can support your business.
CHL Mortgages introduces new 5-year and 2-year fixed rate products
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has re-launched
5-year and 2-year fixed rate products across all ranges to complement the recently
launched Lifetime Tracker products. All the fixed rate products are available to a
maximum of 70% LTV, with a 3% product fee. The 5-year fixed rate products have
an early repayment charge (ERC) percentage of 5/4/3/2/1, while 2-year fixed rate
products have an ERC percentage of 3/2.
Core Product Range
Individuals & Limited Companies/LLP
- 5-year fixed interest rate of 6.64%
- 2-year fixed interest rate of 6.60%
Small HMOs & MUFBs - 5-year fixed interest rate of 6.74%
- 2-year fixed interest rate of 6.70%
Large HMOs & MUFBs - 5-year fixed interest rate of 6.79%
- 2-year fixed interest rate of 6.75%
Short Term Lets - 5-year fixed interest rate of 6.74%
- 2-year fixed interest rate of 6.70%
Refurbishment Product Range
Light Refurbishment - 5-year fixed interest rate of 6.79% (Individual and Limited Company/LLP)
- 2-year fixed interest rate of 6.75% (Individual and Limited Company/LLP)
- 5-year fixed interest rate of 6.84% (Small HMO/MUFB)
- 2-year fixed interest rate of 6.80% (Small HMO/MUFB)
EPC Improvement
- 5-year fixed interest rate 6.79% (Individual and Limited Company/LLP)
- 2-year fixed interest rate of 6.75% (Individual and Limited Company/LLP)
- 5-year fixed interest rate of 6.84% (Small HMO/MUFB)
2-year fixed interest rate of 6.80% (Small HMO/MUFB)
Cosmetic Improvement - 5-year fixed interest rate of 6.74% (Individual and Limited Company/LLP)
- 2-year fixed interest rate of 6.70% (Individual and Limited Company/LLP)
- 5-year fixed interest rate of 6.79% (Small HMO/MUFB)
- 2-year fixed interest rate of 6.75% (Small HMO/MUFB)