CHL Mortgages says record demand for its fixed-rate buy-to-let mortgages has prompted it to extend the life of two specific products so brokers can get their applications in on time.
The lender says it has received calls from hundreds of intermediaries concerned that their clients may miss out on the 5.59% fixed-rate products, which were due to be withdrawn this week.
In the face of broker demand, the lender has extended the deadline for applications to midnight January 28 2007.
Trevor Child, head of sales and marketing at CHL, says: The recent rises in the Bank base rate has meant that demand has really taken off for these products.
“Brokers are concerned about getting their clients applications through in time and we also keen to give them a great start to 2007 so have extended the availability of these products.