Foundation Home Loans improves First Time Landlord product range
19 July 2017
Foundation Home Loans, the specialist mortgage lender has bolstered its Buy to Let range with new First Time Landlord products.
New 5 year fixed rate options will now be made available, starting at 3.59%, offering First Time Landlords the opportunity for longer term stability on their initial investment. Existing Early Repayment Charges for 2 year fixed rate deals have been be reduced to 3% and 2%, aligning the rates with the offerings available from the 2 year Standard and Specialist range.
Foundation Home Loans is a specialist lender, available only through intermediaries and designed for clients with more complex needs, such as clients setting up as a Limited Company. It has also now launched its residential product range in addition to its established buy-to-let proposition.
Jeff Knight, Marketing Director at Foundation Home Loans, said: “Deciding to become a landlord for the first time can be daunting, so in an industry increasingly focused on portfolio landlords it’s important not to forget those just starting out. Our approach aims to cater to all borrowers, whatever their portfolio size, but we are pleased to be able to offer First Time Landlords more options.”
|
FTL Products |
LTV |
Rate |
|
2 year fixed |
65% |
3.19 |
|
|
75% |
3.39 |
|
5 year fixed (new) |
65% |
3.59 |
|
|
75% |
3.79 |
