Foundation Home Loans has launched a brand new five-year, Limited Edition fixed-rate product as part of its buy-to-let range.
The five-year deal is a F1 tier product, for both individual landlord borrowers and limited companies, for those with an almost clean credit history.
It is offered at a rate of 6.69%, with a flat fee of £2,995 and is offered up to 75% LTV.
Tom Jacob (pictured), director of product and marketing at Foundation Home Loans, said: “Even prior to the publication of the latest inflation figures, we were seeing an easing of swap rates off their most recent highs, and as a result of this shift, we are able to launch this Limited Edition five-year fix for buy-to-let borrowers at a keener rate.
“Five-year fixes remain popular in terms of both meeting affordability measures, ensuring borrowers can secure the right loan amount and in terms of providing monthly mortgage payment certainty. This product is available up to 75% LTV with a flat fee, plus it comes with a maximum loan amount of £1.5 million.
“As always, we keep a very close eye on the money markets and the sector itself, to ensure that, if the direction of travel remains the same, we can take the opportunity to provide competitive product options. Our current service levels are excellent and we are here to support advisers across all their specialist lending needs.”
