Foundation Home Loans refreshes BTL Specials product range
02 November 2023
Foundation Home Loans, the intermediary-only specialist lender, has today (Thursday 2nd November) refreshed its buy-to-let ‘Specials’ product range to incorporate rate reductions of up to 0.15%.
The specialist lender has lowered the rates on its five-year F1 Portfolio Landlord-Only fixed rate special by 0.15%. This now comes with a headline rate of 5.84% at 65% LTV and 5.94% at 75% LTV, including a free valuation, no application fee and a 5% arrangement fee.
Foundation has also made cuts to its two-year F1 and F2 fixed rate BTL specials by up to 0.10%, with rates now starting from 5.99%. In addition, rates on its standard F2 HMO fixed rate specials range have been reduced by up to 0.10%. Two-year fixed rate Specials for standard HMOs (up to six bedrooms) now start from 6.19% and five-year HMO fixed rate Specials start from 6.54%.
Finally, a five-year F1 fixed rate BTL Special and a five-year F2 fixed rate BTL Special have been reintroduced into the range. Rates start from 6.39%, with these products available up to 75% LTV.
Foundation’s current service levels continue to average turnaround times of one day for DIP referral, application and underwriter review for all cases.
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“As a business, we are constantly evaluating our rates and proposition to identify areas where we can better support our intermediary partners and help meet ever-shifting landlord demands responsibly.
“We continue to operate in a highly reactive buy-to-let marketplace and we hope these enhancements to our Specials product range will provide those landlords with access to viable and attractive options backed by the quality of service which has become synonymous with the Foundation brand over the past few years.”
For more information on Foundation Home Loans, please visit: www.foundationforintermediaries.co.uk
