It increases loan sizes and slashes product rates
Foundation Home Loans has rolled out a refreshed buy-to-let (BTL) mortgage range, introducing higher maximum loan sizes and new product pricing for specialist borrowers and portfolio landlords.
The lender, which distributes exclusively through intermediaries, has raised the maximum loan amount on most of its 65% loan-to-value (LTV) products to £3 million. The move is part of a broader revamp of its BTL range, including new limited edition and green mortgage options.
Among the updates, the lender has revised its F1 two-year fixed-rate limited edition mortgage for borrowers with near-clean credit. This product is now priced at 5.60% with a 1% fee, available at 75% LTV. A new F2 offering targets clients financing specialist property types such as houses in multiple occupation (HMOs), also fixed for two years at 75% LTV, with a 5.75% rate and 1% fee.
In addition, Foundation has introduced new five-year fixed Green ABC+ products within the F1 and F2 ranges for properties that meet energy performance certificate (EPC) ratings of ‘A’ to ‘C’. These loans are available up to 70% LTV with rates starting from 5.79%, a 1.25% fee, no application fee, and a free valuation. The maximum loan size on these products is £2 million.
The lender has also reduced rates by up to 15 basis points on selected F2 products. These include categories such as expat lending and complex property types.
The product refresh follows Foundation’s earlier introduction of its Property Plus and HMO Plus products, designed for properties that do not meet standard lending criteria. The lender continues to serve a wide range of specialist sectors, including short-term lets, holiday lets, expat landlords, multiple properties on one title, and mixed-use developments.
The latest product updates also come at a time of rising activity in the UK’s BTL mortgage sector. According to UK Finance, 52,648 new BTL mortgages were completed in the fourth quarter of 2024, marking a 39.2% rise in volume and a 47.2% increase in value compared to the same period a year earlier. Total lending reached £9.6 billion.
“Our goal at Foundation is to ensure our proposition evolves in line with the needs of our intermediary partners and their landlord clients,” said Tom Jacob (pictured), director of product and proposition at Foundation Home Loans. “Increasing the maximum loan size to £3 million on the majority of our lower LTV products is a direct response to broker feedback and market demand.
“Coupled with a complete refresh of our full range of buy to let products, today’s update reaffirms our focus on delivering flexible, competitive solutions for all types of landlords – from those purchasing in a limited company structure, to those with HMOs, specialist properties, or who live overseas.
“We seek to fill the gaps that exist in the buy-to-let marketplace, and ensure advisers have access to a market-leading proposition that can help them find the right solutions for their landlord clients, each and every time.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
