Buy to Let by Foundation, the buy-to-let (BTL) brand of Foundation Home Loans has introduced a limited edition 2-year fixed rate mortgage product.
Available for both purchase and remortgage purposes, the F1 limited edition 2-year fixed rate BTL mortgage has a headline rate of 5.79% up to 75% loan-to-value (LTV) and a 1% fee.
The product is available to both limited companies and individuals, with a maximum loan amount of £1.5m.
This introduction followed the recent launch of two HMO products specifically for first-time landlords.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “We are seeing sustained appetite for two-year fixed rate products as a variety of landlords are looking to secure competitive rates which also offer them an opportunity to reappraise the market in the near future.
“The introduction of this limited edition two-year fix will help provide additional choice within what remains an active marketplace.
“In addition, improved stress rates on the rental cover calculation required for our sub five-year BTL rates mean that this product will now be more accessible to a greater number of landlords based on their rental income.
“A combination which should prove highly beneficial to our intermediary partners and their landlord clients.”
