CHL Mortgages has added a suite of 5-year fixed rate products to their mortgage range to complement the recently launched 3-year tracker and lifetime tracker products.

Interest rates on the 2% fee products start from 6.85% and are available to a maximum 75% LTV.

3% and 5% product fee options are also available and offered to a maximum 70% LTV with interest rates starting from 6.09%.

All 5-year fixed rate products come with an ERC percentage of 5/4/3/2/1.

CHL Mortgages commercial director Ross Turrell comments: “In this challenging economic climate, 5-year fixed rates provide the stability of payments for landlords and enable lenders to take a lower rental cover calculation by using the pay rate”.