Lender reduces selected rates by up to 0.15%
Intermediary-only specialist lender Foundation Home Loans has refreshed its Buy-to-let Specials product range, implementing rate reductions of up to 15 basis points (bps).
The lender has slashed the rates on its five-year F1 Portfolio Landlord-Only fixed rate special by 15bps and now comes with a headline rate of 5.84% at 65% loan-to-value (LTV) and 5.94% at 75% LTV. The products also include a free valuation, no application fee, and a 5% arrangement fee.
Foundation has also reduced rates on its two-year F1 and F2 fixed rate BTL specials by up to 10bps, with rates now starting from 5.99%. Rates on its standard F2 HMO fixed rate specials range have also been cut by up to 0.10%. Two-year fixed rate Specials for standard houses in multiple occupation (HMOs), up to six bedrooms, now start from 6.19%. Five-year HMO fixed rate Specials start from 6.54%.
In addition, a five-year F1 fixed rate BTL Special and a five-year F2 fixed rate BTL Special have been reintroduced into the range, with rates from 6.39%, available at up to 75% LTV.
“As a business, we are constantly evaluating our rates and proposition to identify areas where we can better support our intermediary partners and help meet ever-shifting landlord demands responsibly,” remarked Tom Jacob (pictured), director of product and marketing at Foundation Home Loans.
“We continue to operate in a highly reactive buy-to-let marketplace, and we hope these enhancements to our Specials product range will provide those landlords with access to viable and attractive options backed by the quality of service which has become synonymous with the Foundation brand over the past few years.”
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, Twitter, and LinkedIn.
