Foundation Home Loans has expanded its buy-to-let range with new products for green properties, HMOs, multi-unit freehold blocks, holiday lets and expat borrowers.
The intermediary-only specialist lender said the additions reflected continued demand from landlords for more choice across a wider range of property types and borrower profiles, particularly in more specialist areas of the buy-to-let market.
The new products include a Green Standard HMO option at 5.59% with a 4% fee. The product includes £500 cashback and no application fee for properties with an EPC rating of A to C.
Foundation has also introduced two new five-year fixed-rate products for multi-unit freehold blocks and holiday lets, both carrying a flat fee of £4,995.
The MUFB product is priced at 6.24%, while the holiday let option is priced at 6.34%. Foundation said the products were aimed at landlords financing more complex property types with larger loan sizes.
The lender has also made changes to its expat range, including a new F2 two-year fixed-rate product priced at 6.34% with a 1.5% fee.
Within its F1 range, for borrowers with an almost clean credit history, Foundation has launched a new Green five-year fixed-rate product at 5.49% with a 5% fee.
The Green range is available on properties with an EPC rating of A to C, with the new F1 product also offering a free valuation and no application fee.
Foundation said the changes had been made against a backdrop of continued market volatility, with the lender aiming to maintain a broad product range for brokers placing landlord cases across both standard and specialist buy-to-let.
The additions follow the launch last week of new specialist products covering large HMOs and short-term lets, as well as rate reductions on selected buy-to-let products.
Grant Hendry, director of sales at Foundation, said: “In the current market, brokers need a lender that can offer both consistency and breadth of product, particularly as landlord cases become more varied and often more complex. These latest additions are about making sure brokers have the right options available, whether they are placing standard buy-to-let business or working across more specialist areas such as HMOs, MUFBs or holiday lets.
“We’re also seeing continued interest in expat borrowing, and it’s important we keep that range competitive while still reflecting wider market movements. At the same time, the introduction of new Green products is another step in supporting landlords who have improved existing properties or are targeting more energy-efficient investments from the outset.
“Ultimately, this is about giving brokers clarity and choice. In a market that can move quickly, having a lender that sets out its proposition clearly and maintains a strong spread of products can make a real difference to how efficiently brokers are able to place cases and deliver for their clients.”
