Foundation has expanded its specialist buy-to-let range with the launch of new 80% loan-to-value products across its F1, Standard HMO and MUFB ranges, offering brokers additional pricing options with higher product fees.
The intermediary-only specialist lender has introduced a range of Buy-to-Let Special products featuring both two-year and five-year fixed rates for landlords purchasing or refinancing standard buy-to-let properties, houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
The new products sit alongside Foundation’s existing 80% and 85% LTV fee-free options, giving brokers a wider choice of solutions depending on their clients’ borrowing requirements and cost preferences.
Within the F1 range, the new 80% LTV products comprise a two-year fixed rate at 5.09% with a 3% product fee and a five-year fixed rate at 5.69% with a 4% product fee.
For Standard HMO lending, Foundation has launched an 80% LTV two-year fixed rate at 5.19% with a 3% fee and a five-year fixed rate at 5.79% with a 4% fee.
The lender has also introduced new MUFB products at 80% LTV, offering a two-year fixed rate at 5.29% with a 3% fee and a five-year fixed rate at 5.89% with a 4% fee. These products are available on MUFBs with up to six units.
Grant Hendry, director of sales at Foundation, said: “We continue to be committed to ensuring our products and pricing remain relevant and competitive for brokers and their landlord clients.
“These new additions strengthen our specialist buy-to-let proposition, providing lower-rate options across our F1, Standard HMO and MUFB ranges at 80% LTV.
“As landlords continue to look for ways to maximise yields from specialist property types, it’s important that we offer a range of solutions to meet different needs.
“By introducing both two-year and five-year fixed rate options, we’re giving intermediaries greater flexibility and more choice when recommending the most appropriate product for their clients.
“Combined with our existing fee-free products, this latest launch further enhances the breadth of options available to brokers in the specialist buy-to-let market.”
