Head of Content
Mortgage Advisor & Director
CHL Mortgages
About CHL Mortgages
CHL Mortgages is a specialist buy-to-let mortgage lender who provides finance for investment properties exclusively through mortgage brokers, such as Teito.
A trading name of Capital Homes Loans Ltd, this lender has also provided bespoke third-party mortgages and bridging loans to over 30,000 customers. You can compare the latest rates available from them below:
Compare CHL Mortgages Online in Seconds
We work with 90+ mortgage lenders from across the market, including CHL Mortgages. We can help you compare mortgage rates from different lenders and find the best deal for you.
Use our free comparison tool to compare mortgage rates from 90+ lenders in seconds. We'll show you the latest deals from CHL Mortgages and others so you can make an informed decision about which option is right for you.
To get started, fill in our quick online form or call 01484 242424 to speak to our expert mortgage advisers today!
What mortgages are available?
CHL specialises in buy-to-let mortgages and divide their products into these categories:
- Standard buy-to-let mortgages: Available to individuals and limited companies.
- HMO mortgages: For houses of multiple occupancy with up to six bedrooms.
- MUFB mortgages: For multi-unit freehold blocks with up to six bedrooms.
CHL buy-to-let mortgages come with 2 and 5-year fixed-rate options.
Eligibility criteria
CHL Mortgages uses the following eligibility criteria to assess buy-to-let applicants:
- Deposit requirements: Start at 25% of the property value (75% LTV).
- Landlord experience: Not needed for standard buy-to-let but borrowers need to have owned a home for at least six months. For HMO and MUFB applications, borrowers need to have owned a buy-to-let property for at least two years.
- Portfolio limits: There are no specific restrictions to the number of buy-to-let properties that portfolio landlords can have on their books.
- Age limits: The maximum age applicants can be is 85 years old at the end of the mortgage term. Primary applicants must be at least 21 years old.
- Credit history: Bad credit buy-to-let mortgages available for most moderate credit issues that have been discharged for 36 months. More severe issues such as bankruptcy need to have been discharged for over three years.
- Affordability: Applicants need personal income of at least £20k per year and the projected rental income must be at least 125% of the monthly mortgage payments. For higher rate taxpayers, rental income must be 145% of the mortgage payments.
Mortgage rates available
As a specialist lender, CHL Mortgages sometimes offers high rates than mainstream buy-to-let mortgage providers but the deals available are competitive with other specialist lenders.
You can use our free comparison service to see how their rates compare to other buy-to-let mortgage lenders across the market.
Are CHL Mortgages a good buy-to-let lender?
CHL Mortgages have an average rating of 4.8/5 on consumer review aggregator service Trustpilot, based on feedback from 35 of its customers.
Pros and cons
The table below highlights the pros and cons of CHL Mortgages as a buy-to-let lender to help you decide whether they are the right option for you:
|
Advantages |
Disadvantages |
|
Positive reviews from existing customers |
Limited number of product types available, with no variable rate options |
|
Options for borrowers with no landlord experience |
Fees can be relatively high (up to 7% of the mortgage amount) |
|
No limits on portfolio size |
Lends in England and Wales only |
|
Bad credit buy-to-let mortgages available |
Maximum loan cap more stringent than some specialist lenders (£1.5m) |
Access CHL Mortgages deals through our brokers
It is not possible to access CHL Mortgages product range without a mortgage broker, but the good news is that Teito has a working relationship with this lender and can help you secure their deals. They will even compare their rates with rival lenders for you, so you can rest assured that they really are the ideal mortgage lender for your needs and circumstances.
Here are just some of the reasons why people choose us for their mortgage needs:
- It takes seconds to access the latest mortgage rates
- Our brokers have access to exclusive deals
- We are 5-star rated on leading review websites
- You can secure an agreement in principle in minutes
Ready to compare CHL Mortgages’ rates and deals with their competitors from across the market and speak to one of our brokers? Get started here.
How Teito Works
You have two options when you get started with Teito: you can select the option to speak with an advisor straight away or source a mortgage yourself. If you want to choose your own mortgage deal, follow the steps below:
Click ‘Get Started’
Hit the button below and enter a few quick details. It takes less than 60 seconds to begin the mortgage process with us
Compare Quotes Online
Next you can view rates and deals from across the entire market online and choose the one you want in real time
Apply Online
We’ll take it from here and have an expert mortgage broker on hand to ensure you have chosen the best deal for you
FAQs
No. Holiday letting is not currently accepted by CHL Mortgages. See our guide to holiday let mortgages to find out what your options are if this is the area you wish to invest in.