Wednesday, November 22, 2023
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Buy-to-let lender CHL Mortgages has reduced its fixed rates by up to 39 basis points. The individual and limited company two-year fixed rates now start from 5.40%, a reduction of 35bps, with the five-year fixed rates now available from 5.27%, a reduction of up to 34bps.
The largest rate reduction of 39bps is seen in the HMO/MUFB 2-year fixed rate products which are now available from 5.41%, with the five-year fixed rate options cut by up to 36bps and now starting from 5.30%. The lender has made changes to the interest cover ratio (ICR) calculation for its two-year fixed rates products.
Ross Turrell, commercial director, commented: "With long term interest rates showing signs of stability we are seeing this latest round of welcome rate cuts.”
Call Trinity Specialist Finance to secure a mortgage on 020 7016 6151 or book a consultation
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