CHL Mortgages launches BTL range via select group of lenders

CHL Mortgages has announced the launch of a new buy-to-let (BTL) product range with a limited group of directly authorised brokers and selected packager partners.

The move is part of the intermediary-only specialist BTL lender’s phased return to the market.

The range includes five-year fixed rate BTL products which are available at a rate of 3.25% up to 75% LTV and 3.10% up to 65% LTV, and CHL confirmed the full product range will be accessible to individual landlords, portfolio landlords and limited companies.

CHL’s products are to be offered through a select group of distribution partners, which includes Mortgage for Business, 3mc and Master Private Finance.

CHL Mortgages commercial director, Ross Turrell, commented: “It’s vital that we carefully manage our return to lending and ensure that we start as we mean to go on when it comes to establishing the highest service standards, competitive pricing and broad-ranging criteria. However, the intermediary market can certainly expect some further developments in the coming weeks.”

3mc director of distributor, Doug Hall, added: “These rank as competitive products and I’m sure they will prove attractive options for a range of landlords and investors.

“It’s a huge positive for the BTL sector to see the return of such an iconic lender as CHL Mortgages and we look forward to being involved in their ambitious growth plans at such as early stage in their development.”

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