CHL Mortgages for Intermediaries has announced a move into the 80% LTV lending space after launching a range of new products.
The specialist lender is introducing 3.5% and 5% fee options across single dwelling, small HMO and short-term let property types, with rates starting from 3.40% for two-year fixed rates and 5.06% on five-year products.
There are also new £0 fee options for landlords looking to minimise upfront costs, with two-year fixed rates starting from 5.90% and five-year rates from 6.16%.
Landlords can borrow up to £750,000, with products available to individuals and limited companies.
The lender has also launched four limited edition 75% LTV products with a 7% fee across its single dwelling and small HMO ranges.
Darrell Walker (pictured), Chetwood Bank's group sales director for CHL Mortgages for Intermediaries and ModaMortgages, said: “We’re proud to announce this expansion of our upper LTV buy-to-let offering which marks a significant step forward in our mission to give landlords greater choice and flexibility.
“Whether your client is looking for a product which enables them to pay more upfront in return for lower rates over time, or a fee-free product which allows them to minimise their upfront costs, these new products reaffirm our commitment to supporting landlords with competitive solutions.”
