"Our range, pricing and criteria is tailored to an array of landlord borrowers and property types, and these specials cover a wide variety of needs and circumstances"
- Tom Jacob, director of product and marketing at Foundation Home Loans
Buy to Let by Foundation, the buy-to-let brand of Foundation Home Loans, has lowered pricing by up to 30 basis points on a range of fixed rate specials.
The revised specials are available in both F1 – for clients with an almost clean credit history – and F2 – for clients financing a more specialist property type – tiers.
In the lender's F1 range, portfolio landlord five-year fixed rates have reduced by up to 0.30%, with 6% fee products now starting from 4.89% up to 75% LTV and 5% fee rates starting from 5.09% up to 75% LTV.
F1 two-year fixed rates have also reduced by up to 0.25% with a 4% fee, starting from 4.49% up to 75% LTV.
In its F2 range, HMO two and five-year fixed rates have reduced by up to 0.30% with a 3% fee, starting from 4.99% up to 75% LTV.
F2 multi-unit freehold block (MUFB) two and five-year fixed rates are down by up to 0.30% with a 3% fee, starting from 5.09% up to 75% LTV.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “As the market shifts we are able to announce rate cuts across a range of buy-to-let specials with reductions of up to 30 basis points available for portfolio landlords, HMO and MUFB borrowers, and a specific two-year fixed rate product cut, bringing the price down to 4.49% for 65% LTV with a 4% fee.
“Our range, pricing and criteria is tailored to an array of landlord borrowers and property types, and these specials cover a wide variety of needs and circumstances, whether standard buy-to-let finance or more niche areas such as HMOs and MUFBs.
“We urge advisers to review the updated product guide and to work with our sales team to ensure they have all the information they need to provide positive outcomes to their landlord borrower clients in light of these new products.”
