It offers updated rates for landlords with different credit profiles and property types
Foundation Home Loans has reintroduced its Specials range featuring updated interest rates through its Buy to Let by Foundation brand.
The refreshed offerings are now available under both the lender’s F1 and F2 product tiers, targeting different types of landlords and property types.
The F1 tier is designed for clients with near-clean credit histories, while F2 is aimed at those financing more specialist properties or with minor credit issues. Both tiers offer options for portfolio landlords, individual borrowers, and those investing in houses in multiple occupation (HMOs) or multi-unit freehold blocks (MUFBs).
Among the key products in the revamped range, the F1 two-year fixed rate starts from 4.74% with a 4% fee, available at 65% and 75% loan-to-value (LTV). The F1 five-year fixed rate, available only for portfolio landlords, starts from 5.19% with a 6% fee, also at 65% and 75% LTV, with a fee-assisted option at 5.39% and a 5% fee. For the F2 tier, two- and five-year fixed rates for standard HMOs and MUFBs start at 5.29% with a 3% fee, available at both 65% and 75% LTV.
“These relaunched buy-to-let Specials are not just available across two of our tiers but also cover a number of borrower and property types, with different terms, LTVs and fee structures,” said Tom Jacob (pictured), director of product and marketing at Foundation Home Loans. “They are therefore designed to provide advisers with the widest range of options to meet a variety of landlord borrower needs and circumstances.
“With the Budget now out of the way, and a greater degree of clarity and certainty available, we anticipate landlord borrowers will be much more comfortable in the financial choices they are able to make, and as a result believe we’ll begin to see a greater deal of activity for advisers with such clients. We believe these products offer a strong and compelling offering.”
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