CHL Mortgages and Dynamo to join forces again
CHL Mortgages, the intermediary-only specialist buy-to-let lender has been appointed by Dynamo for Intermediaries following their return to lending earlier this year.
The lender’s relationship with Dynamo extends over a number of years with CHL Mortgages being one of the first lenders to work with the team soon after the business was founded.
As a respected buy-to-let distributor and broker, the addition of Dynamo for Intermediaries signals yet another significant step in the return of CHL Mortgages to lending and will enable more brokers to access their products.
This appointment allows Dynamo’s brokers to access CHL Mortgages’ new BTL range, which includes two 5-year fixed rate products, available at a rate of 3.25% up to 75% loan-to-value (LTV) and 3.10% up to 65% LTV.
The full range is accessible to individual landlords, portfolio landlords and limited companies, and includes options to cover property types including houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), new-builds, ex local authority properties, and properties above or adjacent to commercial premises.
Ross Turrell, commercial director, CHL Mortgages commented “For a specialist buy-to-let lender like ourselves, adding Dynamo to our distribution footprint is vital and we are delighted to reinstate our partnership and offer our new product range to their advisers so soon after our relaunch.
The importance of technology enabling an enhanced experience for brokers and customers alike is a vision both our businesses share and we look forward to developing the relationship in the coming weeks, months and years.”
Cat Armstrong, Mortgage Club director, Dynamo for Intermediaries added: “We’re delighted to welcome CHL Mortgages back to the market and to our distribution panel. They have always impressed us with their amazing underwriting mentality and can-do attitude. There is certainly an affinity between our two companies and after waiting over a decade, we can’t wait to start working together once again!”
