CHL and Leeds BS unveil new BTL deals

Specialist lender CHL Mortgages for Intermediaries has announced reductions in its limited edition buy to let mortgage offerings, trimming rates by up to 15 basis points.

Landlords can now access two- or five-year fixed rates starting at 2.56% for single dwelling properties, or 2.60% for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).

There are various product fee structures available.

CHL has also introduced seven new products tailored for short-term lets, targeting borrowers leasing holiday homes or serviced apartments.

These include two- and five-year fixed rate options at 75% loan-to-value, featuring free valuations and zero product fees.

The lender’s group sales director, Darrell Walker, said: “This rate reduction on our limited-edition range further demonstrates our support for landlords.

“And with our short-term let range now offering borrowers options with free valuation and no product fee, this is a great opportunity for landlords who may be looking to diversify their portfolios and explore other investment opportunities.”

Leeds BS BTL mortgages

Meanwhile, Leeds Building Society has lowered rates on select BTL fixed mortgages by up to 0.14%.

A standout product is its five-year fixed rate mortgage at 60% loan-to-value, now priced at 4.09% with a £999 product fee.

Aimed at second-time buyers and remortgage customers, it includes a free valuation for all borrowers and legal cost assistance for those remortgaging.

The deal, which permits overpayments, has earned an Outstanding Moneyfacts product rating.

The platform’s spokesperson, Caitlyn Eastell, said: “Leeds BS has reduced a small selection of its buy to let fixed rates by up to 0.14%.

“One newly priced deal to see this cut is the five-year option at 60% loan-to-value for second-time buyers and remortgage customers.

“Those remortgaging will also receive help towards costs.”

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