Buy to Let by Foundation, the buy-to-let (BTL) brand of Foundation Home Loans, has lowered pricing by up to 0.30% on a range of fixed rate mortgage 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 types.
Products include F1 portfolio landlord 5-year fixed rates reduced by up to 0.30% with a 6% fee with rates starting from 4.89% up to 75% loan-to-value (LTV) and F1 portfolio landlord fee-assisted 5-year fixed rates reduced by up to 0.30% with a 5% fee with rates starting from 5.09% up to 75% LTV.
In addition, the lender is also offering F1 2-year fixed rates reduced by up to 0.25% with a 4% fee, starting from 4.49% up to 75% LTV, F2 house in multiple occupancy (HMO) 2- and 5-year fixed rates reduced by up to 0.30%, with a 3% fee and rates starting from 4.99% up to 75% LTV.
The specials also include F2 multi-unit freehold block (MUFB) 2-year and 5-year fixed rates reduced by up to 0.30% with a 3% fee with rates starting from 5.09% up to 75% LTV.
The revamped mortgage specials follow last week’s new product launch – a Limited Edition F1 5-year fixed-rate, offered up to 75% LTV with a rate of 5.94% and a 1% fee.
It also comes with a free standard valuation and no application fee.
Tom Jacob (pictured), 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 0.30% available for portfolio landlords, HMO and MUFB borrowers, and a specific 2-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.”
