CHL Mortgages has partnered with Twenty7Tec to offer intermediaries wider access to its product range following its return to the buy-to-let (BTL) market.
CHL’s recently launched BTL range, which includes two 5-year fixed rate products, are available at a rate of 3.25% up to 75% loan-to-value (LTV) and 3.10% up to 65% LTV.
Rental income for these products must be at least 125% of the monthly mortgage payment calculated at payrate and they are applicable for purchase or remortgage purposes.
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Each BTL product has a minimum loan size of £25,001 and a maximum loan size of £1m.
The range will now be available on Twenty7Tec’s SOURCE platform, a search engine for mortgage, BTL, equity release, secured and bridging loan products.
Ross Turrell, commercial director of CHL Mortgages, said: “We have assembled our new proposition with a strong emphasis on cutting-edge technology and working with market-leading innovators such as Twenty7Tec is a natural step in gaining wider visibility for our offering now, and in the future.
“Intermediaries need to be able to generate the right solutions for their clients and SOURCE analyses product, criteria and lender affordability in order to determine the most appropriate product recommendation.
“Sourcing technology continues to evolve, at pace, to meet shifting client demands and we believe Twenty7Tec is at the forefront of this evolution.”
Nathan Reilly, head of lender relationships at Twenty7Tec, added: “We’re delighted to have CHL Mortgages available on our CloudTwenty7 platform following their recent return to the BTL lending market as they look to support brokers and customers with their exciting lending proposition.
“Our data shows the market remains busy, which is why new partnerships and technology remain vital in driving efficiency for advisers.”
