You are here: cherry > Press releases for August 2017 > Foundation launches 2.99% five year buy to let rate
Back

Foundation launches 2.99% five year buy to let rate

01 August 2017

Foundation Home Loans has today announced a 5 year fixed rate limited edition offer on its Buy to Let Standard Range, available to both individuals and limited companies

The offer is aimed at experienced landlords with two options: a 2.99% fixed rate with a 2% arrangement fee or a 3.39% fixed rate with a flat fee of £995, both at 65% LTV

Foundation Home Loans is a specialist lender, available only through intermediaries and designed for clients with more complex needs. It has also now launched its residential product range in addition to its established buy-to-let proposition

Jeff Knight, Marketing Director, Foundation Home Loans, said: “These Limited Edition products are based on feedback from our intermediary partners, and designed to offer choice with the two 5 Year Fixed rate alternatives. With the rental calculation based on the pay rate, these products will be appealing to experienced landlords, including Limited Companies and those with large portfolios.”

Product Details

Rate

Arrangement Fee

Max LTV

ICRs

ERCs

Limited Companies

Individuals

 

2.99%

2%

65%

 

125% x pay rate

 

145% x pay rate

 

5%/4%/3%/2%/1%

3.39%

£995

65%

Key Points

Rental calculation based at pay rate

Minimum loan £50k; Maximum loan £500k

No minimum income

No maximum age for Limited Company applicants

Not available to first time landlords