CHL Mortgages has announced a new partnership with Twenty7Tec to offer intermediaries wider access to its product range, following CHL’s return to the specialist buy-to-let (BTL) market.
The lender’s newly launched BTL product range includes two five-year fixed rate products available at a rate of 3.25% up to 75% LTV, and 3.10% up to 65% LTV.
The move means that CHL will be added to Twenty7Tec’s SOURCE, powered by the CloudTwenty7 platform, which is a sophisticated search engine for mortgage, BTL, equity release, secured and bridging loan products.
CHL commercial director, Ross Turrell, commented: “We have assembled our new proposition with a strong emphasis on cutting-edge technology and working with market-leading innovators such as Twenty7Tec is a natural step in gaining wider visibility for our offering now, and in the future.
“Intermediaries need to be able to generate the right solutions for their clients and SOURCE analyses product, criteria and lender affordability in order to determine the most appropriate product recommendation. Sourcing technology continues to evolve, at pace, to meet shifting client demands and we believe Twenty7Tec is at the forefront of this evolution.”
Twenty7Tec head of lender relationships, Nathan Reilly, added: “We’re delighted to have CHL Mortgages available on our CloudTwenty7 platform following their recent return to the BTL lending market as they look to support brokers and customers with their exciting lending proposition.
“Our data shows the market remains busy, which is why new partnerships and technology remain vital in driving efficiency for advisers.”
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