CHL Mortgages cuts rates across entire buy-to-let range

21 May 2024

Specialist lender CHL Mortgages has announced it is cutting rates by 0.21% across its entire buy-to-let range.

The refreshed range available from 21 May now features standard 2 year fixed rate mortgages starting from 3.20%, with 5 year fixed rates starting from 4.55%.

For investors looking to explore small HMO (up to six bedrooms) and MUFB (up to six units) opportunities, rates for 2 year fixed rate mortgages now start from 3.22%, with 5 year fixed rates starting from 4.62%.

Borrowers can choose between products with 2%, 3.5%, 5% and 7% fee options, with LTVs up to 75%.

Mortgages are available to individual and limited company landlords, with the lender calculating ICR at the higher of 5.5% or pay rate plus 2% for 2 year fixed rates, and pay rate for 5 year fixed rates.

The lender also has the ability to apply blended ICRs to assist with affordability based upon each borrowers’ tax status and their individual share of ownership.

Ross Turrell, Commercial Director at CHL Mortgages, said: “This pricing refresh reflects recent improvements in swap rates and will help us to retain our competitive positioning in the market.

“These reductions to both our 2 year and 5 year fixed rates will help brokers support their landlord clients in achieving the best deal.”