CHL Mortgages has added The Business Mortgage Company to its distribution panel.

The broker-only buy-to-let lender says the move extends its reach across the intermediary market.

CHL Mortgages loans are available to first-time landlords, portfolio landlords and limited companies and cover a range of buy-to-let investment vehicles including houses in multiple occupation, multi-unit blocks, new build, ex-local authority and commercial properties. It also considers minor adverse properties.

The firm returned to the buy-to-let market in May, after pulling back from new lending in 2008. 

The Business Mortgage Company, founded in 1989, specialises in buy-to-let and commercial loans and works across the whole of the market. The firm is owned by the Paragon Banking Group. 

CHL Mortgages commercial director Ross Turrell says: “It’s clear that the specialist buy-to-let market is moving at pace and since our launch we have found demand to be incredibly strong. “By aligning ourselves with distribution partners like TBMC it enables us to ensure that our proposition is accessible to a wide range of intermediaries.”

The Business Mortgage Company managing director Jane Simpson adds: “CHL has always had an excellent proposition, which is closely aligned to TBMC’s business model. 

“We are thrilled to be working with them again after their long-awaited return to lending and looking forward to exploring the lending opportunities for limited companies, professional landlords and a range of property types.”

Last month, CHL Mortgages cut rates across its 75% loan-to-value range by up to 15 basis points.