You are here: cherry > Press releases for March 2024 > CHL Mortgages cuts buy-to-let fixed rates to as low as 3.00%

28 March 2024

Specialist buy-to-let lender CHL Mortgages has reduced rates by up to 0.37%.

The Standard Buy-to-Let 2-year fixed rates now start from 3.00%, with 5-year fixed rates starting from 4.35%.

HMO/MUFB 2-year fixed rate products are available from 3.02%, and the 5-year fixed rate products start from 4.42%.

Products are available with 2%, 5% and 7% fee options and LTV bandings of 55%, 65%, 70% and 75%.

ICR is calculated at pay rate for 5-year fixed rates and at the higher of 5.5% or pay rate plus 2% for 2-year fixed rates.

Ross Turrell, Commercial Director, CHL Mortgages, commented:

As we move ever closer to the point at which the Bank of England will reduce the base rate, we see improvements on the forward swap curves. As a result, we’re pleased to be able to reduce both 2-year and 5-year fixed rates, which in turn will offer more choice for brokers and the Landlord community.