Foundation Home Loans has announced a broad overhaul of its complex buy-to-let range, unveiling new fixed-rate products and a series of rate reductions aimed at bolstering support for landlords with more specialist property requirements.

The intermediary-only lender, which focuses on the specialist end of the market, confirmed that the changes apply across key segments including houses in multiple occupation (HMOs), short-term lets, and mixed-use properties.

The revised product set includes simplified fee structures and expanded product options, alongside cuts of up to 25 basis points.

MORE INTRICATE SCENARIOS

The lender said the refresh reflects growing demand among landlords for products that can accommodate more intricate scenarios, such as flats above shops, properties let on a short-term basis without a standard tenancy agreement, or those comprising both residential and commercial elements.

Among the key changes, Foundation has cut rates by 15 basis points on its Property Plus products – aimed at standard buy-to-let properties adjacent to commercial premises – with pricing now starting at 6.59% for two- and five-year fixed-rate options at 75% loan to value.

A new five-year fixed-rate product has also been introduced at 6.49% with a 2.5% fee.

HMOs

Rates on the lender’s HMO Plus range, which caters to properties with up to six bedrooms or occupants, have also been reduced by 15 basis points, now starting at 6.69% at 75% LTV.

The Short Term Lets Plus range, for properties let without a standard assured shorthold tenancy but underwritten using AST criteria, has seen similar cuts, with pricing now starting from 6.74%.

The lender has also added new two- and five-year fixed-rate options at 60% LTV within its Mixed Use range, priced from 6.84%, and trimmed the rate on its 70% LTV two-year fixed by 10 basis points to 7.29%.

Foundation has further reduced the product fee on all mixed-use products – including expat cases – to 2.5%.

“The need for flexible, fairly-priced options is only growing among professional landlords”

Tom Jacob (pictured), director of product and marketing at Foundation Home Loans, said the enhancements reflected the lender’s commitment to meeting the evolving needs of the landlord market.

“We continue to enhance our complex buy-to-let offering in line with what brokers are seeing in the market,” he said.

“The need for flexible, fairly-priced options is only growing among professional landlords, whether they are managing more complex HMOs, letting on a short-term basis or financing a mixed-use property.

“These latest changes underline our commitment to delivering a buy-to-let proposition that works for the modern landlord and supports brokers with practical, criteria-led solutions.”

In addition to its complex range, Foundation has also made rate reductions across several of its buy-to-let Specials. These include a 10 basis point cut to its five-year fixed-rate

Special for portfolio landlords with a 6% fee, now priced at 4.69%, and a 10 basis point reduction on its two-year fixed-rate Special for limited company HMOs, now at 4.54% with a 3% fee.

The five-year fixed-rate Special for limited company MUFBs, accommodating up to six units, has been cut to 5.39%, while the limited company Short Term Let Special has seen the biggest cut – down by 25 basis points to 5.49%.