CHL Mortgages cuts BTL interest rates

10 February 2023

CHL Mortgages has announced further reductions to the pricing of its 2 and 5-year fixed rate products today.

5-year fixed rates on its Core range (Individual, Limited Companies/LLP, Small and Large HMO/MUFB and Short-Term-lets) now start from 5.37% and are available to Individual and Limited Company/LLP borrowers. The small HMO/MUFB 5-year fixed rates now start from 5.42%, and the large HMO/MUFB 5-year fixed rates start from 5.47%.

The Core range of products are available up to 75% loan to value with a variety of fee options, including a fixed fee of £1,999 (available to maximum loan sizes of £200,000) as well as a 2% fee options. Further fee options of 3%, 4% and 5% are available to 70% LTV. The lender continues to offer 3-year Tracker products within its core range, with rates and fees remaining unchanged.

CHL Mortgages has also reduced 2 and 5-year fixed rates across its Refurbishment BTL range (Cosmetic Improvement, EPC Improvement and Light Refurbishment).

The 2-year and 5-year fixed rates start from 5.99% on its Cosmetic Improvement, EPC Improvement (green product) rates start from 6:04%, and the Light Refurbishment starts from 6.09%.

All Refurbishment Range products are available up to 70% LTV with a 3% product fee.

Ross Turrell, Commercial Director, CHL Mortgages, commented:

“As the market continues to stabilise, we are pleased to be able to support our intermediary partners by offering lower interest rates.”