Foundation Home Loans has refreshed its buy-to-let mortgage range, bringing back several products, adding a green HMO deal and reducing holiday let rates.
The intermediary-only specialist lender has reintroduced its F1, £4£ Remortgage and two-year fixed HMO products. It has also launched a five-year fixed green mortgage for houses in multiple occupation.
The range includes an F1 two-year fixed mortgage at 75% loan-to-value (LTV), priced at 4.84% with a 3% fee.
Its F1 £4£ Remortgage two-year fix, also available up to 75% LTV and without additional borrowing, has a rate of 4.24% and a 4% fee. It comes with a free standard valuation and no application fee.
The F1 five-year green fix is priced at 5.39% up to 75% LTV, with a 5% fee, free standard valuation and no application fee.
Foundation’s new HMO green five-year fix has a rate of 5.49% at 75% LTV and a 5% fee. It offers £500 cashback and has no application fee.
A two-year HMO fix has returned at 4.94% up to 75% LTV, with a 3% fee.
The lender has also cut rates on its F2 two-year and five-year fixed holiday let mortgages by 0.20%. The products are now priced at 5.99% and 6.14% respectively, up to 75% LTV and with a 2% fee.
Grant Hendry (pictured), director of sales at Foundation, said: “Today’s changes represent a significant enhancement to our buy-to-let proposition. By re-introducing some of our most popular products, launching a new Green HMO option and reducing rates on our holiday let range, we are providing brokers with even greater choice to support a broad range of landlord clients.
“We know landlords’ circumstances and property investment strategies continue to evolve, so it’s important that we offer a range that combines flexibility and specialist underwriting expertise.
“Whether clients are purchasing, remortgaging, expanding an existing portfolio or investing in more specialist property types, these enhancements ensure brokers have access to solutions that help make mortgages happen.
“As an intermediary-only specialist lender, we remain committed to responding to market demand and delivering products that meet the needs of today’s landlords while supporting brokers in placing more cases successfully.”
