Foundation Home Loans has reduced rates and revised fees across its core and limited edition holiday let products, strengthening its offer to brokers and landlords in the short-stay market.
The specialist lender has cut rates on its 2- and 5-year fixed core holiday let products by 0.10%. Pricing now starts from 6.24% up to 75% LTV for a 5-year fix and 6.54% up to 75% LTV for a 2-year fix.
Its limited edition 5-year fixed holiday let product has also been reduced by 0.10%, now starting from 5.99% up to 75% LTV.
The product’s fee structure has been simplified from 2.5% to a flat fee of £7,995, with a minimum loan size of £250,000, aimed at higher-value lending.
Foundation Home Loans’ holiday let range is available to individual and limited company landlords and allows verified holiday rental income to be used in affordability assessments.
The lender also caters for portfolio and first-time landlords, as well as those with complex or high-value properties, using manual underwriting to ensure consistent, case-by-case decisions.
Tom Jacobs, director of product at Foundation Home Loans, said: “The holiday let market has shown strong demand from both domestic and overseas visitors.
“By adjusting our pricing and fees, particularly on larger loans, we’re helping brokers and landlords access more competitive and flexible options.
“These changes reinforce our commitment to supporting advisers with straightforward, specialist lending solutions.”
