Foundation Home Loans has reduced rates on a number of buy-to-let Limited Edition products and launched a new five-year Limited Edition fix.
The Limited Edition products are within Foundation’s F1 range – for landlord borrowers with an almost clean credit history – and cover a range of fixed-rate terms. These include:
- A two-year fixed rate, available to 75% LTV, now at 6.59% after a rate cut of 15 basis points (bps). The product comes with a fixed £1,495 fee.
- A five-year fixed rate, available to 75% LTV, with a new rate of 6.24% after a rate cut of 15bps, with a 1% fee.
- A seven-year fixed rate, available to 75% LTV, with a new rate of 6.69%, after a rate cut of 30bps, also with a 1% fee.
Foundation has also launched a brand new Limited Edition five-year fixed-rate, available to 75% LTV, with a rate of 6.14%, and a fixed fee of £2,995.
These rate cuts follow Foundation launching new Extra products earlier this month, within its F2 buy-to-let range covering more unusual properties and landlord borrower needs.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “We continue to look at how and where we can drop rates for landlord borrowers, and today we’re pleased to be dropping our pricing across three F1 Limited Edition fixed-rates, plus we’ve launched a brand new five-year fix which comes with a fixed fee.
“All products are available up to 75% LTV and come with different fee structures in order to provide options for landlord clients and to help them meet affordability. Large numbers of landlord borrowers will be coming up for renewal throughout the months ahead, plus we’re seeing growing purchase activity as rates fall lower.
“At Foundation we are fully focused on the buy-to-let space and have excellent service levels to support advisers and their clients in this sector.”
