Foundation Home Loans has introduced its Property Plus and HMO Plus product ranges, broadening its specialist buy-to-let lending options for landlords with properties that fall outside standard lending criteria.

The new products are supported by a tailored underwriting process that considers a wider range of properties, including HMOs, flats above shops, commercial premises near business units, investor-only areas, and properties affected by postcode concentration rules.

NEW PRODUCT RANGE AND RATE CHANGES

The Property Plus and HMO Plus ranges include two- and five-year fixed-rate products available at up to 75% loan-to-value (LTV). Property Plus rates start at 6.99%, while HMO Plus products begin at 7.09%, both with a 2% product fee.

In addition to launching the new products, Foundation Home Loans has reduced rates across several key areas of its buy-to-let range. Multiple Properties on One Title rates have been cut by 10bps, now starting at 6.89% with a 2.50% product fee.

Semi-commercial property rates have been reduced by up to 15bps, with rates now beginning at 7.34% with a 3% product fee. Selected other products have seen reductions of up to 25bps.

SUPPORT FOR COMPLEX BUY-TO-LET NEEDS

Tom Jacob (pictured), director of product and proposition at Foundation Home Loans, said the expansion of financing options for landlords with complex property types remains a priority.

“The launch of Property Plus and HMO Plus is designed to support those who may have faced restrictions under traditional valuation and underwriting criteria in the past,” he said.

“These latest additions and enhancements reaffirm our commitment to supporting our intermediary partners with specialist products tailored to meet real-world buy-to-let lending needs, whether for first-time investors or experienced portfolio landlords, while ensuring they have the tools and flexibility to secure the right solutions for their clients.”