Foundation Home Loans has launched a new series of products specifically for landlords buying or refinancing Multiple Properties Under One Title.

The new product suite is available under the ‘Solutions by Foundation’ brand, which offers broad and specialist criteria and products for an additional layer of specialist buy-to-let needs, covering multi-occupancy properties, mixed-use property (part-commercial) and expat borrowers.

Available to individuals, portfolio landlords and limited companies, and for letting on a standard Assured Shorthold Tenancy (AST), short-term let or holiday let basis, Foundation is able to lend against up to four individual properties or units on one freehold title.

Examples of this include where a number of farm buildings have been converted for residential buy-to-let use, or up to four units/flats within a single block – a ‘traditional’ multi-unit freehold block – but on one title rather than multiple titles.

Products include two and five-year fixed rates, available to both 65% and 75% LTV, with rates starting at 6.69% for the two-year deals and 6.54% for five-year. The product fee is 2%.

The maximum loan size for 65% LTV is £3 million and £2 million for 75% LTV, with a minimum loan size of £100k.

Tom Jacob (pictured), director of product and marketing at Foundation Home Loans, said: “By launching ‘Solutions by Foundation’ at the start of year, we have been able to look at more specialist lending requirements and to offer specific products that fit these niche areas, but are increasingly in demand.

“These new products for landlords seeking to either buy or remortgage Multiple Properties Under One Title fit that particular billing, and not only can we offer them for standard buy-to-let AST rental agreements, but we can also cover both short-term lets and holiday lets, which we believe is a strong offering within this particular sector of the PRS.

“Increasingly, landlords are looking at ways to broaden their portfolio, increase their yield, and focus on different areas of the rental sector. The concept clearly has similarities with existing Multi-Unit Freehold Blocks but in this scenario we can lend on up to four dwellings or separate houses or flats on just the one title.

“We’ll continue to look at opportunities such as these within the ‘Solutions by Foundation’ range and would urge advisers to look at our more traditional buy-to-let product range plus these specialist options in order to provide a full range of options to their landlord clients.”