CHL Mortgages has cut rates across its entire 65% loan-to-value product range by up to 25 basis points.

The intermediary-only specialist buy-to-let lender says rates now start from 2.99% on its five-year fixed rate buy-to-let product range up to 65% loan to value, for both individual and limited company offerings.

It adds rates now start from 3.04% on its two-year fixed-rate BTL product range, at up to 65% LTV, for both individual and limited company offerings.

The firm says highlights among the reductions, is a five-year fixed-rate 65% LTV limited company BTL offering at 3.19% with a 1.25% fee.

Also, a two-year fixed-rate house in multiple occupation or multi-unit freehold block product up to 65% LTV at 3.20%, down from 3.40%.

It adds, all five-year products are at payrate, including HMO or MUFB, and fees across the range start at 1%. Rental income for these products start at 125% of the monthly mortgage payment calculated at payrate and they are applicable for purchase or remortgage purposes.

Each BTL product has a minimum loan size of £25,001 and a maximum loan size of £1m.

The product range caters for first-time landlords, portfolio landlords and limited companies covering a variety of BTL investment vehicles including HMOs, MUFBs, new build, ex-local authority and commercial properties. It adds, minor adverse will be considered.

The firm says these moves follow a “successful initial launch period through carefully selected distribution channels”.

CHL Mortgages for intermediaries commercial director Ross Turrell adds: “We have introduced these rate reductions on the back of an extremely positive market reaction and ongoing feedback from our expanding distribution panel.

“The quality of the business we have received so far has been excellent and our processing team has coped admirably during our initial launch phase.

This combination has provided additional confidence and conviction to create further capacity which will allow us to write even more business.

“The BTL market remains an extremely competitive lending arena, especially at the 65% LTV level, and the revamping of our product range will ensure that an increasing number of intermediaries will be able to tap into the type of products and service values which will make a real difference for their landlord clientele.”

In May, CHL Mortgages returned to the market as an intermediary-only specialist buy-to-let lender.

The company first built up its specialist buy-to-let lender business in the early 2000s, before pulling back from new lending in 2008 and establishing itself as a service company, managing its own and third-party loan books.

It manages around 30,000 mortgage loans valued at £4bn across a range of asset classes including buy-to-let and residential owner-occupied loans.