Foundation has expanded its specialist buy-to-let proposition with the launch of new expat products and a series of rate reductions across its standard, green and HMO ranges.
The intermediary-only specialist lender said the changes reflect continued demand from landlords for a wider range of borrowing options, particularly within more specialist areas of the buy-to-let market.
As part of the update, Foundation has introduced new Property Plus Expat two-year and five-year fixed-rate products at 75% loan-to-value (LTV), priced at 6.39% and 6.49% respectively, both carrying a 2% fee.
The lender has also reduced rates across a number of products within its standard buy-to-let and HMO ranges. Reductions of up to 35 basis points have been applied to key F1 products, aimed at borrowers with an almost clean credit history, with rates now starting from 4.59%.
Among the changes, the F1 two-year fixed-rate product at 75% LTV has been reduced by 25 basis points to 4.59% with a 3% fee. The F1 five-year fixed-rate Green product at 75% LTV has been cut by 35 basis points to 4.99% with a 5% fee, alongside a free standard valuation and no application fee.
Foundation has also reduced rates on a range of other F1 products across both two-year and five-year fixed-rate terms, while HMO and HMO Green products have also seen pricing reductions.
The HMO Green five-year fixed-rate product at 75% LTV has been reduced by 25 basis points to 5.24% and includes £500 cashback and no application fee. Standard HMO two-year and five-year fixed-rate products at 75% LTV have both been reduced by 20 basis points to 4.69% and 5.44% respectively.
Foundation said the enhancements come despite continued market volatility and are intended to provide brokers with a broader range of options for landlord clients, including those with more complex requirements.
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.
“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 rate reductions of various Green products are 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.”
The changes are now reflected in Foundation’s updated buy-to-let product guide, which provides full details of its standard and specialist product ranges.
