The buy-to-let brand of specialist lender, Foundation Home Loans, has announced new rate cuts to its Special and Limited Edition buy-to-let products while its residential brand has also announced a reduction in two and five-year fixed-rate pricing.

Buy to Let by Foundation has announced rate cuts across its Specials range for both F1 borrowers – for clients with an almost clean credit history, and F2 – for clients financing a more specialist property type.

These include:

• F1 Special Portfolio Landlord-only rates reduced by 0.25%, now available from 4.59% with a 6% fee.
• F1 Special Fee-Assisted Portfolio Landlord Only rates reduced by 0.15%, now available from 4.84% with a 5% fee.
• F1 Special two-year fixed-rates reduced by 0.35%, now available from both 4.24% – with a 4% fee – and 4.74% – with a 3% fee.
• F2 HMO Special two and five-year fixed rate, reduced by 0.35% and 0.25% respectively, now available from 4.79% and 5.29%, with a 3% fee.

The lending brand has also revised three F1 Limited Edition products:

• A two-year fixed-rate reduced by 0.14% to 5.55%, with a 1.25% fee.
• A new five-year fixed-rate with a rate of 5.54%, with a £2,495 flat fee.
• A Green ABC+ five-year fixed-rate for properties with an EPC Level of A-C – reduced by 0.05% to 5.34%, with a £4,495 flat fee.

Residential by Foundation, the residential brand of the intermediary-only specialist lender, has cut rates on both its F1 – for those borrowers who just miss out on the mainstream due to historical credit blips – and F2 – for borrowers who have recent credit blips – two and five-year, fee-assisted fixed-rates.

The F1 products have been reduced by up to 0.3% with rates now starting at 5.94%, while the F2 products have also been reduced by up to 0.3%, with rates starting from 6.14%. These products come with a fee of just £795, and offer a free valuation and no application fee.

Tom Jacob, director of product and marketing at Foundation Home Loans, said: “Clearly, we are in a period of significant movement when it comes to product rates, and we’re very pleased to be able to announce these rate cuts across our Special and Limited Edition buy-to-let mortgages, as well as a number of residential two- and five-year fixed-rates.

“In the buy-to-let space we are providing both competitive rates and a wide choice of fee arrangements to provide advisers and their landlord borrowers with the ability to meet affordability in a variety of ways, and to choose the fee structure that works best for them.

“A number of these product cuts are specifically aimed at Portfolio Landlords, while we also have both special rates for all landlord types plus those specifically looking to remortgage or finance HMOs, and within our Limited Edition range a product for those who are borrowing against a property which already has an EPC level of C or above.

“For specialist residential borrowers we have been able to cut rates on both two- and five-year fixes in both our F1 and F2 tiers, and again we are opening up more competitive options for those borrowers who currently miss out on the mainstream.

“Overall, whether you have a landlord client looking to expand or refinance their portfolio, or you have residential borrowers who require specialist underwriting, we have plenty to offer with today’s price cuts and the rest of our range.”