CHL Mortgages relaunches base rate tracker products 

By: ameer@trustedteam.com

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: 

  • Three-year tracker at 6.70%, with BBR plus 2.20% 
  • Lifetime tracker at 6.95%, with BBR plus 2.45% 

Small HMOs & MUFBs: 

  • Three-year tracker at 6.85%, with BBR plus 2.35% 
  • Lifetime tracker at 7.10%, with BBR plus 2.60% 

Large HMOs & MUFBs: 

  • Three-year tracker at 6.95%, with BBR plus 2.45% 
  • Lifetime tracker at 7.20%, with BBR plus 2.70% 

Short-term lets 

  • Three-year tracker at 7.00%, with BBR plus 2.50% 
  • Lifetime tracker at 7.25%, with BBR plus 2.75% 

Highlights of its refurbishment range available to 75% LTV include: 

Light refurbishment 

  • Individual and limited company/LLP: Lifetime tracker at 7.15%, with BBR plus 2.65% 
  • Small HMO/MUFB: Lifetime tracker at 7.25%, BBR plus 2.75% 

Cosmetic improvement 

  • Individual and limited company/LLP: Lifetime tracker at 7.05%, BBR plus 2.55% 
  • Small HMO/MUFB: Lifetime tracker at 7.15%, with BBR plus 2.65% 

Energy performance certificate improvement 

  • Individual and limited company/LLP: Lifetime tracker at 7.10%, with BBR plus 2.60% 
  • Small HMO/MUFB: Lifetime tracker at 7.20%, with BBR plus 2.70% 

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.” 

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