CHL Mortgages has launched a new range of limited edition two- and five-year fixed-rate buy-to-let products alongside a series of changes to its lending criteria.
The new range includes products for single residential properties, as well as multi-occupancy homes (HMOs) and multi-unit freehold complexes (MUFBs) of up to six bedrooms or units.
Rates start from 3.6%, with products available to individual and limited company landlords buying to let at up to 80% loan-to-value (LTV). Borrowers also have a choice of product fee options.
Alongside the new products, the specialist lender has made a number of changes to its lending criteria.
This includes accepting applications from first-time buyers and removing minimum income requirements for non-first-time buyers.
CHL Mortgages has also reduced the minimum property valuation requirements and increased the maximum number of storeys permitted in apartment blocks, including former local authority blocks, from the previous limit to 20 storeys.
Roger Morris, group distribution director at CHL Mortgages, said the changes would provide landlords with greater choice when financing properties.
“We are committed to helping landlords achieve their real estate goals, and these improvements in standards do just that,” he said.
“And when you add in the new Limited Edition portfolio, with support for both standard and specialty properties, we offer the flexibility and choice that today’s investors demand.”
