Foundation Home Loans has launched new Special rates across both its buy-to-let and owner-occupied ranges.

For buy-to-let, the lender has cut Special rates by 0.1% on its F1 – for clients with an almost clean credit history – Portfolio-only landlord five-year fixed rate products, with rates now starting from 5.59%, with a 5% product fee, no application fee and a free valuation.

It has also reduced rates by 0.1% on both its F1 two- and five-year fixes, with rates starting from 5.69%, with a 3% product fee. And within its F2 – for clients financing a more specialist product type and/or those with some historical blips on their credit rating – range and for HMO two- and five-year fixed-rate products, it has also reduced rates by 0.1% with prices starting from 5.74%, also with a 3% fee.

Within its owner-occupied product range, Foundation has reduced rates in both its F1 – for client who just miss out on the mainstream – and F2 – for those with recent credit blips – ranges.

Both two- and five-year fee-assisted fixed-rate products have pricing reduced by up to 0.1%, with F1 rates starting at 6.84% and F2 at 6.94%. All products come with a £795 fixed product fee, no application fee and a free valuation.

Tom Jacob (pictured), director of product and marketing at Foundation Home Loans, said: “These price cuts to both our buy-to-let and owner-occupied F1 and F2 Specials products cover a wide range of two- and five-year fixes, for a large borrower demographic who just miss out on the mainstream, are looking to buy specialist property, or require flexibility in terms of income assessment.

“Across both buy-to-let and owner-occupied products we are seeking to provide lower rates and access to mortgage finance for these specialist clients, and we remain focused on delivering quality rates and service in these key areas to our intermediary partners.”