CHL Mortgages grows distribution panel

CHL Mortgages has added The Business Mortgage Company (TBMC) to its intermediary distribution panel.

This will allow the lender to further extend its reach across the intermediary market, offering more advisers access to its specialist BTL proposition and the recent rate reductions made by the lender on its 75% LTV product range.

CHL’s product range is available to first-time and portfolio landlords and limited companies covering a variety of BTL investments, including HMOs, MUFBs, new-build, ex-local authority and commercial properties. 

Ross Turrell, commercial director at CHL Mortgages, said: “It’s clear that the specialist BTL market is moving at pace and, since our launch, we have found demand to be incredibly strong. 

“By aligning ourselves with distribution partners like TBMC, it enables us to ensure that our proposition is accessible to a wide range of intermediaries. 

“TBMC has been a prominent figure in the intermediary market for over 30 years now, and we feel that this is a partnership for the long term.”

Jane Simpson, managing director at TBMC, added: “CHL have always had an excellent proposition, which is closely aligned to TBMC’s business model. 

“We are thrilled to be working with them again after their long awaited return to lending and looking forward to exploring the lending opportunities for limited companies, professional landlords and a range of property types.”

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