Two BTL lenders expand mortgage options

CHL Mortgages has expanded its limited edition buy to let range, introducing new higher fee options on its two-year and five-year fixed-rate products at 75% LTV.

This move aims to increase access to higher LTV mortgages for landlords.

The CHL’s core product range has also seen rate reductions of up to 30bps, with two-year fixed rates starting from 3.27% and five-year fixed rates from 5.06%.

The lender’s commercial director, Ross Turrell, said: “We’re always looking for new ways to be as competitive as possible and adding these higher fee products to our limited edition buy to let range enables us to explore new segments of the market.

“By entering the 75% LTV area of the high fee market, we’re giving landlords even more choice, helping to improve affordability and enabling them to access higher LTV mortgages.”

Aldermore offers limited edition BTL products

Meanwhile, Aldermore has reintroduced a selection of its limited edition buy to let two and five-year products.

These offerings cater to both individual and company landlords with single and multi-property portfolios.

Rates for new customers include a two-year fixed rate at 4.89% with a 3% fee and various five-year fixed options with different fee structures, including a zero-fee option at 5.99%.

The lender’s director of mortgages, Jon Cooper, said: “We’re delighted to reintroduce these limited-edition products back into the market, providing more choice and favourable rates for landlords looking to secure a mortgage.”

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