CHL Mortgages has announced it is launching a new seven-year fixed rate product range.

The specialist buy-to-let (BTL) lender has also increased its maximum LTV for individual and limited company borrowers to 80%, up from 75%. These additions will complement their current specialist buy-to-let proposition. 

CHL confirmed that its seven-year fixed rate for individual and limited company applicants comes with two fee options. Up to 75% LTV, the 2% fee option is 3.25% while the 1% fee option is 3.45%. Up to the new maximum 80% LTV, the lender stated that that the 2% fee option has a rate of 3.64% and the 1% fee option has a rate of 3.79%.

For houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) purposes, the seven-year fixed rate is available up to 75% LTV and also comes with two fee options. The 2% fee option has a rate of 3.45% and the 1% fee option has a rate of 3.65%.

Furthermore, as part of the changes CHL has also added new two and five-year fixed rates up to 80% LTV, which are now available to both individual and limited company applicants with rates of 3.69% and 3.49% respectively, each with a 2% fee.

CHL commercial director, Ross Turrell, said that the added products would complement the lender’s existing BTL range.

“They have been designed after listening to, and acting upon, feedback from intermediary partners who expressed a desire for additional choice and support when it comes to servicing the longer-term needs of their landlord clients in an uncertain interest rate environment,” Turrell said.

“Choice is important when it comes to the length of product terms but also when it comes to delivering competitive products at the higher end of the LTV bands. These new additions provide great value to our overall product range.”

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