Foundation Home Loans has launched five new limited edition buy-to-let (BTL) products aimed at expats, houses in multiple occupation (HMOs) and multi unit freehold blocks (MUFBs), with flat fee structures and larger loan sizes in mind.
The products include two F1 5-year fixed rates for landlords with near-clean credit histories.
The first is set at 5.19% with a flat fee of £4,995, 75% loan-to-value (LTV) and a minimum loan of £200,000, while the second is priced at 4.99% with a £7,995 fee and a minimum loan of £300,000.
For those financing more specialist properties, two F2 large houses in multiple occupation (HMO) products are available.
The 2-year fixed rate is 6.34% and the 5-year fixed rate is 6.14%, both with a £4,995 flat fee, 75% LTV and a minimum loan of £200,000.
There is also an F2 multi unit freehold block (MUFB) 5-year fix at 5.64%, with the same fee, LTV and minimum loan.
Foundation Home Loans has also cut the rate on its existing F1 expat 2-year fix by 0.5%, now at 6.09% with a 1.50% fee at 75% LTV.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “These new Limited Editions are designed to deliver real value to landlords seeking larger loans, while supporting brokers with options that address the complexity of modern buy to let lending.
“We continue to innovate across the buy to let spectrum and remain committed to providing products that go further than just competitive rates.
“At Foundation Home Loans, our strength lies in our broad proposition, underpinned by specialist expertise.”
