It also reduces rates
Foundation Home Loans has introduced new fee-assisted residential options, alongside rate reductions on its residential and buy-to-let fixed rate products.
Launched in the F1 and F2 tiers, the intermediary-only lender added four new residential ‘specials’, including two- and five-year fee-assisted fixed rate ‘special’ available from 6.29% up to 75% loan-to-value (LTV). These products also feature a £795 fee, free valuation, and no application fees.
Meanwhile, two- and five-year fee-assisted fixed rate ‘specials’ in the F1 and F2 tiers have seen reductions of up to 0.30%, with rates now starting from 6.19%. These products are available up to 65% LTV and come with a £795 fee, free valuation, and no application fees.
In the buy-to-let range, the F1 five-year fixed rate ‘special’ product for portfolio landlords now starts from 4.84%, with a 6% fee, available up to 75% LTV. Additionally, the fee-assisted five-year ‘special’ product for portfolio landlords, which includes no application fee and a free valuation, has been reduced by up to 0.10%, with rates starting from 4.99% and a 5% fee, also available up to 75% LTV.
Rates on other buy-to-let ‘specials’ have been cut by 0.25%, with house in multiple occupation (HMO) fixed rate products now starting from 5.14% with a 3% fee.
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“At Foundation Home Loans, we’re committed to providing our intermediary partners with competitive and versatile product options that meet the evolving needs of their clients,” said Tom Jacob (pictured), director of product and marketing at Foundation Home Loans.
“Our latest rate reductions across the Buy to Let by Foundation and Residential by Foundation ranges, along with the introduction of four new fee-assisted residential specials, underline our dedication to delivering value and flexibility.
“With rates reduced by up to 0.30% and enhanced features such as no application fees and free valuations on selected products, we’re confident that these changes will enable intermediaries to offer even more attractive solutions to their clients, helping them secure the best possible outcomes in today’s dynamic market.”
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