CHL Mortgages is another specialist buy-to-let mortgage provider that has cut its rates, this time by up to 65bps, bringing its lowest-rate product down to starting from 3.06%. This deal is available on a two-year fixed standard buy-to-let product up to 65% LTV, with a 7% fee.<\/p>\n
The lender caters for standard buy-to-let owners, from individuals to limited companies, as well as those with more complex investments such as HMOs and MUFBs. There are also buy-to-let mortgage options available with higher LTVs, up to 75% LTV.<\/p>\n
Ross Turrell, commercial director at CHL Mortgages, said:\u00a0\u201cWith five-year swap rates improving on the back of better global inflation forecasts we are pleased to bring in some welcome rate reductions for the hard-pressed buy-to-let sector. This along with a steady increase in rents will see the affordability calculations start to go back into equilibrium.\u201d<\/p>\n
Could buy-to-let mortgage rates fall further?<\/h4>\n
What will happen over the coming weeks and months depends on a variety of factors, including the wider economic picture, swap rates and confidence in the market. However, many experts foresee mortgages – including buy-to-let mortgage rates – to continue to improve for borrowers.<\/p>\n
Borrowers are being urged to take the whole package being offered by lenders into account, though, rather than just go for the cheapest headline rate. Some products will have higher fees attached than others, while there are also deals available with higher rates but added incentives, such as free legal fees.<\/p>\n
Rachel Springall, finance expert at Moneyfactscompare<\/a>, said: \u201cAs we are just in the first week of the New Year, there has not been a mass movement across multiple lenders to cut rates, but it is a typically subdued period for activity.<\/p>\n \u201cThere are big expectations for mortgage rates to fall in the coming weeks and any vigorous repricing can provide better deals for borrowers desperate to refinance.<\/p>\n \u201cSeeking advice to go over the true cost package of any deal is vital so that consumers are not swayed by just the headline grabbing rates.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Lenders have continued to cut rates towards the end of 2023 and the start of the new year, bringing hope for borrowers that affordability is set to improve. Falling swap rates and an improved economic outlook have led to lenders reducing their rates since autumn last year, and landlords and property investors are increasingly being… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":6099903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[26,2],"tags":[721,22,412,107],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts\/6099058"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/comments?post=6099058"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts\/6099058\/revisions"}],"predecessor-version":[{"id":6100031,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts\/6099058\/revisions\/6100031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/media\/6099903"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/media?parent=6099058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/categories?post=6099058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/tags?post=6099058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}