CHL Mortgages will lend on the full property value within the first six months of purchase, where the enhanced value has been gained by improvement works. This can be evidenced by comparing original sales particulars to current valuation and receipts for works carried out. We will also consider enhancements to the title, for instance if …
The latest from CHL Mortgages & our industry
CHL Mortgages for Intermediaries commercial director announces retirement
Ross Turrell, the commercial director for specialist lender CHL Mortgages for Intermediaries, has announced his retirement. Turrell, who has enjoyed a distinguished 40-year career working in financial services, is stepping down from the role after more than four years in the position. He will be replaced by Darrell Walker, the director of sales & distribution …
CHL Mortgages for Intermediaries commercial director announces retirementRead More
Further expansion of BDM team with new appointment
CHL Mortgages has further strengthened the support it offers brokers by appointing Sam Dillin as business development manager (BDM) for the Central, East and West London regions. Dillin’s arrival means the lender now has six BDMs supporting intermediaries and their clients across England and Wales. Dillin joins CHL Mortgages from London-based brokerage Coreco where he …
New BDM for Essex and East Anglia
CHL Mortgages has appointed Shaun Persaud as its new business development manager (BDM) for Essex and East Anglia. Persaud’s appointment strengthens the broker support CHL Mortgages provides in the region and brings the number of BDMs in its sales team to six. Persaud joins CHL Mortgages from Omega Commercial Solutions, where he worked as a …
New Legislation Means Landlords to Pay Council Tax for HMOs
On December 1st, 2023, the government introduced a new legislation amendment that will bring changes in the way council tax is charged for Houses in Multiple Occupation (HMOs). The legislation, called ‘The Council Tax (Chargeable Dwellings and Liability for Owners) (England) Regulations 2023’, brings two significant changes: This legislation signifies a shift in the way …
New Legislation Means Landlords to Pay Council Tax for HMOsRead More
2024 Outlook – year to be optimistic
As we move forward into 2024, there seems to be a sense of optimism in the air. With UK inflation on a downward trend, the Bank of England (BoE) keeping the base rate at 5.25%, and several significant sporting events on the horizon, including the Men’s UEFA Euro football tournament, the T20 Cricket World Cup, …
Why is it crucial for landlords to continue their EPC improvements efforts?
Following the recent announcement by Prime Minister Rishi Sunak that homeowners and landlords will no longer be required to improve the energy efficiency of their properties to a minimum rating of C or above, many landlords may be questioning their plans to improve the EPC rating on their rental properties. However, in our opinion, landlords …
Why is it crucial for landlords to continue their EPC improvements efforts?Read More
Benefits to Landlords of keeping and attracting quality tenants.
Quality tenants are the backbone of any successful rental property business. They pay rent on time and take better care of the property, resulting in fewer problems. But with landlords under pressure to increase rents during the ongoing cost-of-living crisis, how can landlords ensure they maintain their longstanding, quality tenants? To successfully navigate this challenge …
Benefits to Landlords of keeping and attracting quality tenants.Read More