Foundation Home Loans has introduced a series of product enhancements across its complex buy-to-let range, introducing new fixed-rate options, cutting rates, and simplifying fee structures across key property segments including houses in multiple occupation (HMOs), short-term lets, and mixed-use properties.
The changes have been designed to support landlord clients with more complex needs such as financing properties above commercial premises, letting on a short-term basis, or purchasing a mixed-use building, by offering greater flexibility, wider choice and competitive pricing.
The updated products include:
For commercially adjacent standard buy to let properties requiring more flexible criteria around property type – Property Plus rates have been cut by 0.15% on 2- and 5-year fixed-rate options, now starting from 6.59% at 75% loan-to-value (LTV).
A new 5-year fixed-rate product has also been added, priced from 6.49% with a 2.5% fee.
In addition, the lender’s HMO Plus range, for more complex HMOs with up to six occupants or beds, has seen 2- and 5-year fixed rates reduced by 0.15%, with rates starting from 6.69% at 75% LTV.
For its Short Term Lets Plus product, which caters to commercially adjacent properties being let on a short-term basis without a standard Assured Shorthold Tenancy (AST) but assessed for affordability using AST criteria, the lender has applied a 0.15%.
This cut applies to both 2- and 5-year fixed-rate options, with rates now starting from 6.74% at 75% loan-to-value (LTV).
In the Mixed Use category, which covers properties that combine residential and commercial elements – such as flats above shops or properties with attached offices or storage – Foundation has introduced two additional fixed-rate products at 60% LTV, available on 2- and 5-year terms, with rates starting from 6.84%.
In addition, the existing 70% LTV 2-year fixed-rate has been reduced by 0.10%, bringing the rate down to 7.29%.
The product fee for this range has also been lowered by 0.5%, now set at 2.5% across all Mixed Use variants, including those for expat applicants.
Foundation said the enhancements reflected the continued strength of the complex buy to let sector and the importance of providing brokers with product solutions that accommodate more specialist property types and tenancies.
In addition to its complex product updates, Foundation Home Loans has also implemented a series of rate reductions across several of its buy-to-let specials.
The 5-year fixed-rate special for portfolio landlords, which comes with a 6% fee, has been reduced by 0.10%, bringing the new rate down to 4.69%.
The 2-year fixed-rate special for limited company houses in multiple occupation (HMOs), with a 3% fee, has also seen a 0.10%, lowering the rate to 4.54%.
For limited company multi-unit freehold blocks (MUFBs), accommodating up to six units, the 5-year fixed-rate special with a 3% fee has been reduced by 0.10% to a new rate of 5.39%.
Lastly, the 5-year fixed-rate special for short term let properties held in a limited company structure has received a 0.25%, bringing the rate down to 5.49%, with a 4% product fee.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “We continue to enhance our complex buy to let offering in line with what brokers are seeing in the market.
“The need for flexible, fairly-priced options is only growing among professional landlords, whether they are managing more complex HMOs, letting on a short-term basis or financing a mixed-use property.
“These latest changes underline our commitment to delivering a buy to let proposition that works for the modern landlord and supports brokers with practical, criteria-led solutions.”
