Buy-to-let specialist CHL Mortgages has refreshed its product range, introducing products at new LTV bands and reducing rates on some existing deals.

Rates now start from 2.69 per cent for a five-year fix up to 50 per cent LTV, and from 2.85 per cent for a five-year fix (up to 75 per cent LTV). 

Both are available on the individual and limited company offerings with product fees ranging from 1.25 per cent to 2 per cent.

CHL Mortgages is also offering a 2.93 per cent two-year fix at 60 per cent LTV and a 2.99 per cent two-year fix at 70 per cent LTV. 

These replace the two-year fixes at 65 and 75 per cent LTV bands. Again both are available across the individual and limited company ranges, with a 2 per cent product fee.

Rates have been reduced on the lenders’ HMO/MUFB range, and new products have also been added across different LTV bands. 

In this range five-year fixes now start from 2.94 per cent (up to 50 per cent LTV) and from 3.15 per cent (up to 75 per cent LTV). 

This range also includes a zero per cent product fee option at 65 per cent and 75 per cent LTV for 2-year fixed products.

CHL Mortgages commercial director Ross Turrell says: “The specialist BTL marketplace continues to see sustained levels of interest and enquiries from investors, developers and landlords who are looking to take advantage of rising tenant demand and a highly competitive lending environment.”

As a result, he said lenders need to evaluate product offering to meet shifting consumer needs. “We expect these positive changes to be welcomed by our growing distribution panel.”