Foundation Home Loans has launched a 5-year fixed buy-to-let (BTL) mortgage at 85% loan-to-value (LTV).
The F1 BTL product is open to both individuals and limited companies, with a rate of 6.49%.
There is no product fee, no minimum income requirement, and the minimum loan size is £100,000.
Foundation Home Loans said brokers will continue to get same-day decision in principle (DIP) turnaround times.
The lender added that the product is expected to attract a wide range of borrowers, including first-time landlords and those looking to release equity or grow their portfolios.
Tom Jacob (pictured), director of product and marketing at Foundation Home Loans, said: “Extending our core buy to let offering into the 85% LTV band represents a significant step for the business and a big moment in BTL lending.
“It provides landlords and our intermediary partners with a compelling, low-deposit route to access funding in a market where affordability can often be a barrier – particularly for those looking to maximise leverage or reduce upfront costs.
“Whether it’s a client’s first rental property or an addition to an existing portfolio, this product opens up new borrowing opportunities with the reassurance of a competitive, fee-free rate and our trademark fast turnaround times. We expect it to be an extremely popular option.”
