Foundation Home Loans has launched a number of limited edition products under its ‘Buy to Let’ and ‘Residential’ brands.
The ‘Buy to Let by Foundation’ brand introduced a limited edition holiday let 5-year fixed-rate product.
This product is designed for clients financing more specialist property types and is available up to 75% loan-to-value (LTV), with a rate of 6.24% and a 2.25% fee.
This follows the relaunch of a range of Specials by ‘Buy to Let’ last week with updated rates.
On the residential side, ‘Residential by Foundation’ has launched new F1 limited edition remortgage-only 2- and 5-year fixed-rate products.
These products target borrowers who miss out on mainstream options due to historical credit issues and they are available up to 65% LTV, with rates starting from 5.99%, and feature a fixed £595 fee.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “Diversification of portfolios has continued to be a key priority for many landlord borrowers, particularly in areas such as holiday lets so we’re pleased to be launching a new limited edition product in this space which should help those seeking to either purchase or remortgage property for this purpose.
“Also, as we know, there is a significant number of mortgages due for maturity not just over the course of the rest of 2024 but also throughout 2025.
“These new limited edition remortgage-only products will suit those borrowers who are coming to the end of their current deals and, for whatever reason, just miss out on the mainstream.
“They will benefit from these fee-assisted options for both 2- and 5-year fixes and provide advisers with further specialist mortgage products to deliver positive outcomes for their clients.”
