The average age of a first time buyer in the UK has risen to 34, six years older than the average age of a first-time buyer in 2007, which was 28. This naturally has a knock-on effect on the rental market, with 55% of people aged 25 to 34 currently in rented accommodation, up from …
CHL Mortgages introduces new Lifetime Tracker products.
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has launched new Lifetime Tracker products across its entire core and refurbishment product ranges. The Lifetime Tracker products are available to a maximum 70% LTV, with a two-year Early Repayment Charge (ERC) of 3% in year one and 2% in year two. A 2% product fee applies across …
CHL Mortgages introduces new Lifetime Tracker products.Read More
CHL Mortgages strengthens national accounts team
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has strengthened its national accounts team with the promotion of Anthony Morris to Business Development Manager. Anthony has over 20 years’ experience in the intermediary mortgage market incorporating an extensive buy-to-let background through a range of Business Development roles with both lenders and packagers. He joined CHL Mortgages …
Refurbishing the Buy-to-Let sector
The supply of new homes continues to be an ongoing concern for potential homeowners, renters, landlords and pretty much everyone in and around the housing market. This was evident in recent government data which outlined that only 181,810 new homes were completed across the UK in 2021, 40% below the well-documented target of 300,000 new …
CHL Mortgages launches Buy-To-Let refurbishment range
CHL Mortgages has introduced a buy-to-let refurbishment product range which is designed to help landlords improve the energy rating of their rental stock and/or improve the general condition of the property. The products offer the ability to release the costs of the refurbishment upon completion, without having to change product. The refurbishment product range consists …
CHL Mortgages launches Buy-To-Let refurbishment rangeRead More
CHL Mortgages launches short-term let proposition
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has entered the short-term let marketplace with the introduction of a new five-year fixed rate product range, up to 75% LTV. CHL Mortgages five-year 65% LTV short-term let products come with two fee options to help provide landlords with greater control over upfront costs. The rate of 3.50% …
CHL Mortgages launches new large HMO and MUFB range
CHL Mortgages, the intermediary-only specialist buy-to-let lender, further expands its product suite and criteria by launching a new product range for large Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB), designed to cater for properties with 7 to 10 bedroom/units, so moving the lender further into the complex multi-unit/tenanted buy-to-let market. This move …
CHL Mortgages launches new large HMO and MUFB rangeRead More
70% of portfolio landlords expect to remortgage or consolidate loans in the next 12 months
A webinar poll conducted by CHL Mortgages, the intermediary-only specialist buy-to-let lender, suggests that 70% of portfolio landlords expect to remortgage or consolidate loans over the next 12 months. When breaking this down, over half (53%) of broker respondents had one to five portfolio landlord clients who would remortgage or consolidate loans in 2022. Interestingly, …
70% of portfolio landlords expect to remortgage or consolidate loans in the next 12 monthsRead More