Foundation Home Loans has made reductions to both two and five-year fixed rates at higher LTVs within its residential F1 range for borrowers with complex income or ‘near mainstream’ credit.

The fixed rates see price cuts of 15 basis points at both 85% LTV and 90% LTV levels.

The two-year fixed rate at 85% LTV is cut to 3.84% and at 90% LTV to 4.64%; the five-year fixed rate at 85% LTV is cut to 4.04% and at 90% LTV to 4.84%.

These 85% LTV owner-occupier products come with a £995 fixed product fee, and the 90% LTV products come with no product fee. They are available to movers, remortgagers and first-time buyers alike.

George Gee, commercial director at Foundation Home Loans, said: “We want to support intermediaries with competitive pricing choices, particularly at a time when many areas of the marketplace are seeing rates increasing or being withdrawn, and mortgage choices appear to be reducing for self-employed owner-occupiers or borrowers with complex income.

“We are therefore pleased to be able to introduce these residential price cuts of 15 basis points at higher loan to value bandings for near-mainstream borrowers.”