Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

CHL Mortgages Reduces Holiday Let Rates and Expands Product Range

CHL Mortgages has reduced rates by 30 basis points across its short-term let range, with rates now starting from 3.16% for landlords with holiday lets or serviced apartments. The lender has also introduced new limited-edition products for single dwelling properties, HMOs, and multi-unit freehold blocks.

The new rates are available to both individual and limited company landlords, with loans offered up to 80% loan to value (LTV). CHL Mortgages is providing a choice of fee options and free valuations on selected short-term let products. The limited-edition products start from 2.7% for single dwelling properties and from 2.8% for houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) with up to six bedrooms or units.

These changes are relevant for letting agents and inventory clerks working with landlords who operate holiday lets, serviced apartments, HMOs, or multi-unit properties. The new rates and product options may impact the types of properties landlords choose to invest in or manage.

Last month, CHL Mortgages appointed Jenna Macey as its business development manager for London and the South East of England.