CHL Mortgages has just announced some pretty big cuts to their buy-to-let (BTL) mortgage rates, making it a bit easier for you to get your hands on that next investment property.

CHL has trimmed rates across its entire BTL range, with some reductions hitting 0.49%! That’s real money saved for you over the lifetime of your mortgage. Here’s a quick breakdown of the new rates:

Standard BTL (2-6 Bedrooms)

• 2-year fixed: Starting from 2.68%
• 5-year fixed: Starting from 4.29%

Large HMO/MUFB (Up to 10 Bedrooms)

• 2-year fixed: Starting from 4.45%
• 5-year fixed: Starting from 5.89%

Short-term Let (Airbnb, Holiday Lets, etc.)

• 2-year fixed: Starting from 5.43%
• 5-year fixed: Starting from 5.89%

These new rates apply to both individual and limited company landlords. You can also choose from a range of fee options, with loan-to-values (LTVs) up to 75%.

Why the Cuts?

CHL says these rate reductions are a sign of confidence in the market, following the recent Bank of England decision to cut interest rates for the first time in over four years. This move is designed to give brokers more options to help landlords achieve their investment goals.

What Does This Mean for You?

In a nutshell, these lower rates mean lower monthly payments, giving you more money in your pocket. If you’re looking to expand your portfolio, now could be a good time to explore your options with CHL Mortgages.

Remember, these are just the starting rates, so it’s always best to talk to a mortgage advisor to see what’s available to you and find the best deal for your specific situation. With these lower rates on offer, now’s the time to make your move!