CHL Mortgages relaunches specialist product range

The relaunched ranges support both large and complex HMOs/MUFBs, short-term lets and trading company borrowers.

Related topics:  Mortgages,  Buy-to-let
Rozi Jones | Editor, Barcadia Media Limited
11th July 2024
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"The enhanced flexibility of these relaunched product ranges offer our intermediary partners and their clients the support they need to maximise their investment opportunities."
- Ross Turrell, commercial director at CHL Mortgages

CHL Mortgages has relaunched its specialist product range following a withdrawal earlier this year.

The range includes products for landlords looking to access finance for their trading companies, for properties let on short-term tenancies, and for both larger or more complex houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB).

The large HMO/MUFB range, which is designed for properties with up to 10 bedrooms or units, features two and five-year fixed rates starting from 4.67%, and up to 75% LTV available, all with a choice of fee options.

The large HMO/MUFB range also enables CHL Mortgages to support HMOs or MUFB properties that are considered complex, such as HMOs that have been adapted to offer bespoke accommodation, multi-units with shared utilities and hybrid multi-units that incorporate both self-contained and HMO elements.

In addition, the relaunch sees the return of its short-term let range, which supports property investors who use Airbnb, holiday lets and serviced accommodation, with two and five-year fixed rates starting from 5.76% up to 75% LTV, with a choice of fee options.

The lender has also reintroduced its expanded adverse criteria offering to support borrowers with small credit blips, particularly when managing large numbers of tenancies and credit accounts.

Ross Turrell, commercial director at CHL Mortgages, said: “This relaunch, coming hot on the heels of our core buy-to-let range refresh and introduction of a range of competitive limited-edition products further underlines our continued commitment to the specialist buy-to-let market.

“Combined with our human-focused underwriting approach, the enhanced flexibility of these relaunched product ranges offer our intermediary partners and their clients the support they need to maximise their investment opportunities.”

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