CHL Mortgages has today asserted its commitment to the specialist mortgage market and says it will not be making any changes to its current mortgage range.
Many specialist lenders in the sub-prime market have pulled their product ranges over the past two weeks or raised interest rates after a global credit crunch.
CHL says it still offers the same range of products as it did one month ago, including a 6.35% self-cert for 95% LTV maturing in May 2010 and a buy-to-let tracker at 0.49% above the base rate.
Commenting on the move, Trevor Child, head of sales and marketing at CHL Mortgages, says: “While many other lenders have re-priced or pulled their product ranges over the last month, CHL continues to offer the same product range this month as last.”
Child says because CHL is a balance sheet lender it does not rely on securitisation, which allows it to maintain its product range for the long term.
If you would like to comment on this story, contact:
Tel: 020 7034 2682
e-mail: [email protected]
Slow progress in improving diversity
Share purchase deal with assets of £28m
Came into effect in January
Three examples of compensation rule issues
Buying in baskets