Foundation has refreshed its buy-to-let mortgage range with new products and rate reductions across a number of existing options.
The intermediary-only specialist lender has introduced remortgage-only products at 65% loan-to-value, available at 6.09% for F1 borrowers and 6.29% for F2 borrowers.
The lender has also launched an F1 first-time buyer and first-time landlord two-year fixed-rate product at 75% LTV, priced at 6.39%, alongside an F2 two-year fixed-rate product at 65% LTV, available at 5.99%.
Its HMO and MUFB two-year fixed-rate products at 65% LTV are priced at 6.14% and 6.19% respectively.
Foundation has also added a Property Plus five-year fixed-rate product, available up to 75% LTV, with a rate of 6.59%. The range is aimed at landlord borrowers purchasing or refinancing properties that often fall outside standard high-street lending criteria.
The lender has reduced rates across almost all existing buy-to-let products by up to 35 basis points and removed fees on selected 80% LTV products, in a move intended to reduce upfront costs for landlord borrowers at higher LTVs.
Foundation said the changes were designed to support a broad range of landlord circumstances, property types and borrower profiles, while giving advisers access to a wider selection of specialist lending options.
The refresh follows last month’s launch of two limited edition buy-to-let products, available up to 75% LTV, at a rate of 4.44%, with a green option at 4.34% for properties already with an EPC rating of A to C.
Grant Hendry (pictured), director of sales at Foundation, said: “This is one of the most significant buy-to-let refreshes we have undertaken this year and reflects our determination to provide brokers with both greater choice and stronger pricing across a wide range of landlord scenarios.
“We have reintroduced products to further broaden the proposition, launched new options in key areas of demand and reduced rates across almost the entire range.
“Combined with the removal of fees on selected higher LTV products, these changes provide advisers with more ways to support landlord clients while helping to manage overall borrowing costs.
“Several products now sit in highly competitive positions within the market, including products that are at or near the top of the sourcing tables in their respective categories.
“As a specialist lender, our focus remains on responding quickly to market opportunities and ensuring advisers have access to solutions that meet the diverse needs of today’s landlords, whether they are purchasing, remortgaging, expanding portfolios or investing in more specialist property types.”
