CHL and Landbay cut BTL rates

CHL and Landbay cut BTL rates

9:24 AM, 8th January 2025, About 19 hours ago

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Landlords are set to benefit from a wave of competitive rate reductions as buy to let lenders CHL Mortgages and Landbay announce improved limited edition product ranges.

CHL Mortgages has launched a range of two- and five-year fixed-rate BTL mortgages, including options for standard and HMO/MUFB properties.

Rates start from 4.03% for two-year fixes and 4.76% for five-year fixes, with 70% and 75% loan-to-value options available.

The range also includes HMO/MUFB products for properties up to six bedrooms or units with two-year fixed rates starting from 5.56% and five-year fixed rates at 75% LTV.

All products are available to individual and limited company landlords and feature a range of product fees, including a fee free option.

CHL’s commercial director, Ross Turrell, said: “We wanted to start the new year with a bang, so although swap rates are remaining stubbornly high, we’ve shaved margins to assist brokers and their landlord clients.

“Our limited edition products offer a broad range of fees including 5% and 7% options which subsidise the rate to improve the rent cover calculation and aid with cash flow.”

Landbay has reduced rates

Meanwhile, Landbay has reduced rates across its existing limited edition range and now offers these products for both remortgages and new purchases.

All eight products have seen a 0.10% rate reduction, with the range now starting at 4.59% – with all products benefitting from a variable fee structure.

Product highlights:

  • Limited Edition Standard 5 Year Fixed 75% LTV 5% Fee from 4.79%
  • Limited Edition Standard 5 Year Fixed 75% LTV 2% Fee from 5.39%
  • Limited Edition AVM 5 Year Fixed 65% LTV 6% Fee from 4.59%
  • Limited Edition AVM 5 Year Fixed 65% LTV 2% Fee from 5.39%.

The lender’s sales and distribution director, Rob Stanton, said: “It is great to be able to kickstart 2025 with rate reductions across our popular limited edition range, all the while making this available for new purchases too.

“This opens up new opportunities for the many landlords still looking to grow their portfolio and adds extra options for brokers to be able to support their clients.”

For assistance with any type of buy to let (BTL), property or commercial finance please complete the contact form below:

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