Foundation Home Loans has introduced a new range with reduced rates on prime fixed products and new light adverse products for limited companies.

Light adverse products are now available on limited company purchase and remortgage and all products in the range are priced the same for individual and limited company buy-to-let, the latter having also had maximum age limits axed.

Five-year fixed rates have been reduced from 4.39% to 4.09%, with two-year fixes down from 3.69% to 3.59% and three-year fixes reduced from 3.89% to 3.79%.

Paul Brett, business development director at Foundation Home Loans, said: “Our product matrix continues to improve navigation for advisers by further simplification of the criteria. Significantly, we are showing our commitment to the limited company channel by ensuring that the whole range, including our light adverse products, are now available at the same price point as individual products.

“Our five-year fixed rate product at 4.09% will be extremely popular with landlords, particularly wedded to a rental cover calculation at 125% of pay rate or 5.25% notional rate.

“Taken as a whole, our new range gives all landlords some of the best deals available with a marked reduction in unnecessary criteria rules for their advisers.”