How Teito Works

1

Click "Get Started"

Whatever your situation, we are confident we can find you your perfect mortgage. Whenever you're ready, enter your details and get started.

2

Compare Quotes!

View the best real-time quotes for free, just like a mortgage broker would themselves.

3

Apply

Once you've found the mortgage you want, click 'Apply' and well... get applying!

About CHL Mortgages

CHL Mortgages is a specialist buy-to-let mortgage lender who provides finance for investment properties exclusively through mortgage brokers, such as Teito.

A trading name of Capital Homes Loans Ltd, this lender has also provided bespoke third-party mortgages and bridging loans to over 30,000 customers over the years.

What mortgages are available?

CHL specialises in buy-to-let mortgages and divide their products into these categories:

CHL buy-to-let mortgages come with 2 and 5-year fixed-rate options.

Eligibility criteria

CHL Mortgages uses the following eligibility criteria to assess buy-to-let applicants:

  • Deposit requirements: Start at 25% of the property value (75% LTV).
  • Landlord experience: Not needed for standard buy-to-let but borrowers need to have owned a home for at least six months. For HMO and MUFB applications, borrowers need to have owned a buy-to-let property for at least two years.
  • Portfolio limits: There are no specific restrictions to the number of buy-to-let properties that portfolio landlords can have on their books.
  • Age limits: The maximum age applicants can be is 85 years old at the end of the mortgage term. Primary applicants must be at least 21 years old.
  • Credit history: Bad credit buy-to-let mortgages available for most moderate credit issues that have been discharged for 36 months. More severe issues such as bankruptcy need to have been discharged for over three years.
  • Affordability: Applicants need personal income of at least £20k per year and the projected rental income must be at least 125% of the monthly mortgage payments. For higher rate taxpayers, rental income must be 145% of the mortgage payments.

This criteria was sourced from the lender’s website.

Mortgage rates available

At the time of writing (May 2024), rates on CHL Mortgages’ buy-to-let mortgage range start at 3.20% (55% LTV deal with a 7% fee) and reach 6.24% (75% LTV with a 2% fee) at the other end of the scale. These rates are generally competitive with other buy-to-let lenders.

You can compare buy-to-let mortgage rates from this lender and their competitors from across the market, or have one of our brokers do it for you, for free below:

Compare CHL Mortgages rates with their competitors for FREE

Choose Your Own Mortgage

Are CHL Mortgages a good buy-to-let lender?

CHL Mortgages have an average rating of 4.7/5 on consumer review aggregator service Trustpilot, based on feedback from 30 of its customers.

Pros and cons 

The table below highlights the pros and cons of CHL Mortgages as a buy-to-let lender to help you decide whether they are the right option for you:

Advantages

Disadvantages

Positive reviews from existing customers

Limited number of product types available, with no variable rate options

Options for borrowers with no landlord experience

Fees can be relatively high (up to 7% of the mortgage amount)

No limits on portfolio size

Lends in England and Wales only

Bad credit buy-to-let mortgages available

Maximum loan cap more stringent than some specialist lenders (£1.5m)

Access CHL Mortgages deals through our brokers

It is not possible to access CHL Mortgages product range without a mortgage broker, but the good news is that Teito has a working relationship with this lender and can help you secure their deals. They will even compare their rates with rival lenders for you, so you can rest assured that they really are the ideal mortgage lender for your needs and circumstances.

Here are just some of the reasons why people choose us for their mortgage needs:

  • It takes seconds to access the latest mortgage rates
  • Our brokers have access to exclusive deals
  • We are 5-star rated on leading review websites
  • You can secure an agreement in principle in minutes

Ready to compare CHL Mortgages’ rates and deals with their competitors from across the market and speak to one of our brokers? Get started here.

FAQs

No. Holiday letting is not currently accepted by CHL Mortgages. See our guide to holiday let mortgages to find out what your options are if this is the area you wish to invest in.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.