CHL Mortgages has announced the addition of The Business Mortgage Company (TBMC) to its distribution panel.
The move allows CHL to extend its reach across the intermediary market and offer more advisers access to its specialist buy-to-let (BTL) proposition, as well as the recent rate reductions made by the lender on its 75% LTV product range.
CHL’s product range is available to first-time landlords, portfolio landlords and limited companies covering several investment vehicles including HMOs, MUFBs, new build, ex local authority and commercial properties.
CHL commercial director, Ross Turrell, commented: “It’s clear that the specialist BTL market is moving at pace and since our launch we have found demand to be incredibly strong. By aligning ourselves with distribution partners like TBMC it enables us to ensure that our proposition is accessible to a wide range of intermediaries.
“TBMC has been a prominent figure in the intermediary market for over 30 years now and we feel that this is a partnership for the long-term. As such, we are looking forward to working closely with Jane and the rest of her team to build on what has been a very positive first few months since our return to the market.”
TBMC has operated in the BTL and commercial mortgage markets since launching in 1989, and managing director, Jane Simpson, stated that CHL’s proposition is closely aligned to its own business model.
She added: “We are thrilled to be working with them again after their long-awaited return to lending and looking forward to exploring the lending opportunities for limited companies, professional landlords and a range of property types.”
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