Buy to Let by Foundation cuts Fixed Rate Special pricing

Buy to Let by Foundation has reduced pricing by up to 30 basis points on a range of Fixed Rate 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 type– tiers.

Products include:

F1 Portfolio Landlord, five-year fixed rates reduced by up to 0.30% with a 6% fee; rates starting from 4.89% up to 75% LTV.
F1 Portfolio Landlord Fee-Assisted, five-year fixed rates reduced by up to 0.30% with a 5% fee; rates starting from 5.09% up to 75% LTV.
F1 two-year fixed rates reduced by up to 0.25% with a 4% fee; rates starting from 4.49% up to 75% LTV.
F2 HMO two- and five-year fixed rates reduced by up to 0.30% with a 3% fee; rates starting from 4.99% up to 75% LTV.
F2 Multi-Unit Freehold Block (MUFB) two- and five-year fixed rates reduced by up to 0.30% with a 3% fee; rates starting from 5.09% up to 75% LTV

Tom Jacob, director of product and marketing at Foundation Home Loans, said: “As the market shifts we are able to announce rate cuts across a range of buy-to-let Specials with reductions of up to 30 basis points available for portfolio landlords, HMO and MUFB borrowers, and a specific two-year, fixed-rate product cut, bringing the price down to 4.49% for 65% LTV with a 4% fee.

“Our range, pricing and criteria is tailored to an array of landlord borrowers and property types, and these Specials cover a wide variety of needs and circumstances, whether standard buy-to-let finance or more niche areas such as HMOs and MUFBs.

“We urge advisers to review the updated product guide and to work with our sales team to ensure they have all the information they need to provide positive outcomes to their landlord borrower clients in light of these new products.”