The ongoing Energy Price Cap continues to save consumers around 30% on their energy bills. However, food price inflation and the overall cost of living is still on the rise and tenants carry the additional burden of being unable to achieve the energy-efficiency related home improvements that many homeowners are pursuing. Further to this, landlords …
2023 Spring Budget: an unintended impact on the mortgage market
The Chancellor spoke for about an hour (on Wednesday 15th March) and said that in November he had delivered stability and today he was focused on growth. He opened by saying the economy is performing better than expected and that the OBR judge the UK will not enter a technical recession this year. He also …
2023 Spring Budget: an unintended impact on the mortgage marketRead More
Day One Remortgage
CHL Mortgages will lend on the full property value within the first six months of purchase, where the enhanced value has been gained by improvement works. This can be evidenced by comparing original sales particulars to current valuation and receipts for works carried out. We will also consider enhancements to the title, for instance if …
CHL Mortgages cuts BTL interest rates
CHL Mortgages has announced further reductions to the pricing of its 2 and 5-year fixed rate products today. 5-year fixed rates on its Core range (Individual, Limited Companies/LLP, Small and Large HMO/MUFB and Short-Term-lets) now start from 5.37% and are available to Individual and Limited Company/LLP borrowers. The small HMO/MUFB 5-year fixed rates now start …
<strong>CHL Mortgages cuts BTL interest rates</strong>Read More
Blended ICR: Get more bang for your clients’ buck
I think we are now all aware that the increases in buy-to-let (BTL) mortgage rates over recent months have impacted borrowers’ affordability, as lenders use an ICR to determine the maximum amount a client can borrow. Whilst rates have started to come down, we are some way off those that could have been enjoyed not …
CHL Mortgages cuts BTL rates and enhances its product offering.
CHL Mortgages, the intermediary only specialist buy-to-let lender, has reduced 2 and 5 year fixed rates products across its Core and Refurbishment BTL ranges and has reintroduced 75% LTV options on its 5-year fixed rate and 3-year tracker products. The lender has also added further product fee options to the 5-year fixed product range, including …
CHL Mortgages cuts BTL rates and enhances its product offering.Read More
CHL Mortgages cuts BTL fixed rates by up to 0.50%.
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has reduced its rates across all 5-year and 2-year fixed rate buy-to-let (BTL) mortgages by up to 0.50%. A 0.45% reduction has been applied to 5-year fixed rate Individual and Limited Company/LLP products, now at 6.19%.HMO/MUFB 5-year fixed rate products are reduced by 0.50%. Small HMO/MUFB (for up …
CHL Mortgages introduces 5-year and 2-year fixed rate products.
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has re-launched 5-year and 2-year fixed rate products across all ranges to complement the recently launched Lifetime Tracker products. All the fixed rate products are available to a maximum of 70% LTV, with a 3% product fee. The 5-year fixed rate products have an early repayment charge (ERC) percentage …
CHL Mortgages introduces 5-year and 2-year fixed rate products.Read More