You are here: cherry > Press releases for June 2023 > CHL Mortgages reintroduces 5-year fixed rate products

Back

CHL Mortgages reintroduces 5-year fixed rate products

09 June 2023

CHL Mortgages has added a suite of 5-year fixed rate products to their product range to complement the recently launched 3-year tracker and Lifetime Tracker products.

Interest rates on the 2% fee products start from 6.85% and are available to a maximum 75% LTV.

3% and 5% product fee options are also available and offered to a maximum 70% LTV with interest rates starting from 6.09%.

All 5-year fixed rate products come with an ERC percentage of 5/4/3/2/1.

Core Product Range

Individuals & Limited Companies/LLP
• 75% LTV 5-year fixed interest rate of 6.85% with 2% fee
• 70% LTV 5-year fixed interest rate of 6.60% with 3% fee
• 70% LTV 5-year fixed interest rate of 6.09% with 5% fee

Small HMOs & MUFBs
• 75% LTV 5-year fixed interest rate of 6.89% with 2% fee
• 70% LTV 5-year fixed interest rate of 6.65% with 3% fee
• 70% LTV 5-year fixed interest rate of 6.15% with 5% fee

Large HMOs & MUFBs
• 75% LTV 5-year fixed interest rate of 6.95% with 2% fee
• 70% LTV 5-year fixed interest rate of 6.70% with 3% fee
• 70% LTV 5-year fixed interest rate of 6.19% with 5% fee

Short Term Lets
• 75% LTV 5-year fixed interest rate of 7.05% with 2% fee
• 70% LTV 5-year fixed interest rate of 6.80% with 3% fee
• 70% LTV 5-year fixed interest rate of 6.29% with 5% fee

Refurbishment Product Range- available to maximum LTV of 75%

Light Refurbishment
• 5-year fixed interest rate of 7.00% (Individual and Limited Company/LLP)
• 5-year fixed interest rate of 7.05% (Small HMO/MUFB)

EPC Improvement
• 5-year fixed interest rate of 6.95% (Individual and Limited Company/LLP)
• 5-year fixed interest rate of 7.00% (Small HMO/MUFB)

Cosmetic Improvement
• 5-year fixed interest rate of 6.90% (Individual and Limited Company/LLP)
• 5-year fixed interest rate of 6.95% (Small HMO/MUFB)

Ross Turrell, Commercial Director, CHL Mortgages, commented:
“In this challenging economic climate, 5-year fixed rates provide the stability of payments for landlords and enable lenders to take a lower rental cover calculation by using the pay rate”.