CHL Mortgages has extended its product range with a new seven-year fixed rate product, while increasing its maximum LTV from 75% to 80%.

The new seven-year fix is available to both individual and limited company borrowers, and comes with two fee structures. At 75% LTV  borrowers have the option of a 2% upfront fee and a rate of 3.25%, or a 1% fee and 3.45% rate. 

At the new 80% LTV tier, the 2% fees comes with a rate of 3.64%, while the 1% fee option has a rate of 3.79%.

CHL Mortgages is also offering a seven-year fix rate product for houses in multiple occupation (HMO) and multi-unit freehold block (MUFB). This is available up to 75% LTV and again offer two fee options, with a rate of 3.45% with a 2% upfront fee, or a 3.65% rate with a 1% fee. 

All seven-year fixes have early repayment charges, which decrease during the term. 

CHL Mortgage has also launched new two- and fix-year fixes up to 80% LTV.  These are priced at 3.69%, for the two-year deal and 3.49% for the five-year fix. Both have an upfront 2% fee.

A 1% fee option is also available at 4.19% (two-year fix) and 3.69% on the five-year deal. 

ICR is calculated at pay rate on all five year and seven year products.

CHL Mortgages commercial director Ross Turrell says: “These products complement our existing buy-to-let range. They have been designed after listening to, and acting upon, feedback from intermediary partners who expressed a desire for additional choice and support when it comes to servicing the longer-term needs of their landlord clients in an uncertain interest rate environment.”