Foundation relaunches key buy to let products and cuts rates

13 May 2026

Foundation, the intermediary-only specialist lender, has today (13th May 2026) announced the relaunch of a number of products withdrawn earlier this year and rate cuts to MUFB and Holiday Let products.

The changes include the return of the lender’s ERC3 fixed-rate product, which only has early repayment charges for three years of the five-year term, alongside a broader further mix of new standard and specialist mortgage options.

The updated range includes five new products:

F1 - for clients with an almost clean credit history - and F2 - for those with some historical blips on their credit rating - remortgage-only, five-year fixed-rate products, available at 75% LTV. The F1 rate is 6.44% and the F2 is 6.54% - both products come with a free standard valuation and £500 cashback, plus no application fee.
The F1 ERC3 five-year fix to 75% LTV, with a rate of 6.39% and a 1.5% fee.
An F1 EPC Saver five-year fix at 75% LTV, with a rate of 6.49% and a 1.25% fee. EPC Saver mortgages, in partnership with Vibrant Energy Matters, aim to help borrowers who want to improve the energy efficiency of their properties. The product includes £1,000 cashback and a free Vibrant energy saving audit.
An F2 Short Term Let five-year fix, available at 75% LTV, with a rate of 6.74% and a 1.25% fee, plus no application fee and a free standard valuation.

Foundation is also reducing rates on two existing products. The new rates are on the following:

The MUFB five-year fixed-rate at 75% LTV has been cut by 0.15% to 6.09%, with a £4,995 fee.
The Holiday Let five-year fixed-rate at 75% LTV has been reduced by 0.10% to 6.24%, also with a £4,995 fee.

The launch of these new products follow Foundation’s expansion of its buy to let product range at the start of May where it brought new Green, HMO, MUFB, Holiday Let and Expat options to market.

Grant Hendry, Director of Sales at Foundation, commented:

“We’ve moved quickly to respond to changes in the market and continue to try and make sure brokers have access to a strong and relevant set of options for their landlord clients.

“We think the return of the ERC3 five-year fixed-rate will be particularly welcome. It’s a product that has been consistently popular with brokers, especially for landlord clients who want a balance between early repayment flexibility and longer-term certainty.

“At the same time, we’ve widened our support for specialist property types, including short-term and holiday lets, which remain an important and active part of the market.

“Alongside this, the rate reductions on our MUFB and holiday let products show our intent to stay competitive and support brokers with cases that can often be more complex to place.

“Overall, this is about giving brokers more choice across both standard and specialist buy to let, backed by a proposition that works for the type of landlord business they are writing today.”

Learn more: www.foundationlending.co.uk