
Buy to Let by Foundation lowers pricing on fixed rate mortgage specials
The revised specials are available in both F1 – for clients with an almost clean credit history – and F2 – for clients financing a more specialist property types.

The revised specials are available in both F1 – for clients with an almost clean credit history – and F2 – for clients financing a more specialist property types.

The specialist lender has lowered prices on its special and limited edition buy-to-let offerings while also adjusting rates on 2-year and 5-year fixed residential mortgages.

Buy to Let by Foundation has appointed Peter Olasoji as an additional regional account manager for the South region.

In its EPC Saver product range, 2- and 5-year fixed rates have been reduced by 0.10% with prices starting at 5.84%.

The first new Limited Edition is an F1 – for clients with an almost clean credit history – 5-year fix, available up to 75% loan-to-value.

The product is designed for both landlord and owner-occupier borrowers who are purchasing or remortgaging properties who require support in order to renovate and improve the property to achieve an EPC level of C and above.

Buy to Let by Foundation has launched two new products for F1 borrowers.

Tom Jacob said: “Advisers will have noted over the past few weeks in particular that the direction of travel on rates has been downwards."

The new product is available up to 75% loan-to-value (LTV) with a rate of 5.59%, and a 2.25% fee.

Available within its F1 tier – for landlord clients with an almost clean credit history – the new product is available up to 75% loan-to-value (LTV) and has a rate of 5.74%, with a 1.75% fee.

Within the core range, Foundation has reduced rates on its F1 5-year fixed rates by up to 0.50%.

Foundation Home Loans has updated its 'Buy to Let' range, introducing new short-term and holiday let products and reducing fees.
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