CHL Mortgages adds New Leaf to select distribution panel
Intermediary-only specialist buy-to-let (BTL) lender CHL Mortgages has added New Leaf to its select distribution panel.
The arrangement will allow advisers within the New Leaf network access to 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.
Minor adverse can also be considered, as well as first-time landlords on certain products.
New Leaf’s 250 advisers offer advice across areas including residential mortgages, BTL, equity release, personal and business protection, pensions, investments and a full estate planning service.
Ross Turrell, commercial director at CHL Mortgages, said: “New Leaf is an established family firm which invests heavily in their members from a training and technology perspective.
“Through their professionalism and experience, we feel that the overall offering will prove to be a strong addition to our select distribution panel.
“The response to our recent launch has been hugely positive across the intermediary market and we are looking forward to building further relationships over the coming months.”
Chris Nairn, mortgage compliance director at New Leaf Distribution Ltd, added: “New Leaf have had a great working relationship with the management of CHL Mortgages over the years that has been rewarded with an exclusive and controlled launch of some great BTL products.
“Day one applications and figures have been excellent and New Leaf advisors are excited with the products on offer. We look forward to enhancing this relationship.”