FOUNDATION HOME LOANS LAUNCH 2 AND 5 YEAR FIXED RATE F1 LIMITED EDITION BUY TO LET RANGE WITH RATES FROM 5.59% AT 75% LTV.
On Friday 17th March, Foundation HL have introduced two new Limited Edition buy to let products in the F1 range for purchase and remortgage.
Available for both purchase and remortgage, and for both individual and limited company borrowers, the two new Limited Edition products cover both two- and five-year fixed-rate terms.
Foundation’s current service levels continue to average turnaround times of one day for DIP referral, application and underwriter review for all cases.
NEW F1 Limited Edition buy to let rates include:
- F1 Limited Edition BTL 5 Year Fixed 75% at 5.59%
- Product Fee 5 year £4,995
- F1 Limited Edition BTL 2 Year Fixed 75% at 5.94%
- Product Fee 2 year £1,995
- Available for Limited Company and Individuals
- Maximum loan £1.5m
George Gee, Managing Director (Commercial) at Foundation Home Loans, said:
“Foundation is always looking at product options for landlord borrowers, particularly when it comes to fixed-rates where customers are able to be crystal clear on their monthly mortgage payment amounts, in this case, over a two- or five-year period. With these Limited Edition specials, we’ve been able to offer competitive fixes with a fixed product fee, which will help manage upfront costs whilst also helping some landlords in terms of any affordability challenges they might be having. We’ll continue to look regularly at what we can offer in the buy-to-let space and continue to support advisers who have landlord clients with more complex and specialist needs.”