CHL Mortgages has relaunched its range of variable rate products to include lifetime and three-year Bank of England base rate trackers across core and refurbishment offers.
The specialist mortgage firm says both products are available at a maximum of 75% loan to value, with a 2% product fee.
A three-year early repayment charge of 3%/2%/1% applies to the three-year tracker, with the lifetime tracker offered with a two-year early repayment charge of 3% and 2%.
Highlights of its core range available to 75% LTV include:
Individuals & Limited Companies/LLP:
Small HMOs & MUFBs:
Large HMOs & MUFBs:
Short-term lets
Highlights of its refurbishment range available to 75% LTV include:
Light refurbishment
Cosmetic improvement
Energy performance certificate improvement
The firm says the energy performance certificate improvement product is designed for landlords who want to improve the energy efficiency of their buy-to-let property to meet government legislation for existing rented properties to have a minimum rating of C or higher from 2025.
CHL Mortgages commercial director Ross Turrell says: “Through our blended interest cover ratio approach, customers in different tax bandings could potentially raise additional capital.”
