CHL added to Paradigm lender panel

Paradigm Mortgage Services has added returning buy-to-let (BTL) lender CHL Mortgages to its panel.


Paradigm member firms will now be able to access CHL’s range of BTL mortgages for individuals and limited company borrowers, available for properties including houses, flats, shared accommodation, new-builds, houses in multiple occupation (HMOs) and multi-unit freehold blocks.

CHL Mortgages returned to lending in May this year and offers buy-to-let mortgage finance to landlords from first-timers to experienced portfolio players.

The lender will lend up to £1m per property with larger loans available upon referral, up to 75% loan-to-value (LTV), with portfolio lending up to £2.5m rising to £5m after 12 months with no maximum portfolio limits in the background.

Rental calculations begin from 125% for basic rate taxpayers and limited companies, with higher rate taxpayers at 145%. Its five-year fixed-rate products are offered with a rental calculation at payrate.

John Coffield, head of mortgages at Paradigm Mortgage Services, said: “Given CHL’s history and reputation as one of the longest-standing lenders in the UK buy-to-let market, it has been somewhat odd not to have them actively lending in recent years.

“However, we are very pleased to welcome them back with a new range of products and a hugely experienced team with whom I’m sure many Paradigm member firms will already be familiar with.

“There has perhaps never been such a competitive buy-to-let sector as we have now, and CHL’s return certainly adds a considerable amount to this.

“We’re looking forward to working with the CHL team again and re-introducing them to our firms.”

Ross Turrell, commercial director at CHL Mortgages, said: “Joining Paradigm is yet another important milestone in our return to the intermediary buy-to-let market and we are focused on providing a strong proposition with competitive pricing and broad criteria for their adviser members.

“Our relationship goes back many years and so it’s a pleasure to join forces again and we look forward to working with the team and reconnecting with their advisers.”

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