Foundation Home Loans have reduced selected rates across their Buy to Let and Solutions ranges plus we have launched a new core BTL Limited Edition HMO rate.
Changes to the Buy to Let range:
- New Limited Edition HMO 5 Year Fixed product up to 75% LTV with a £4,995 fee and a rate of 5.74%. The minimum loan size for this product is £200,000
- F2 HMO 5 Year Fixed rates reduced by up to 0.25% with rates now starting from 6.14% up to 75% LTV
- F2 Short Term Let 5 Year Fixed rates reduced by up to 0.15% with rates now starting from 6.44% up to 75% LTV
Check out the latest product guide today.
[Download product guide]
Changes to the Solutions range:
- S2 Expat 5 Year Fixed rates reduced by up to 0.15% with a 2% fee and rates starting from 6.64% up to 75% LTV.
- S2 Large HMO rates reduced by up to 0.10% with a 2% fee and rates starting from 6.49% up to 75% LTV.
- S2 HMO Plus reduced by up to 0.10% with a 2% fee and rates starting from 6.34% up to 75% LTV.
- S2 MUFB rates reduced by up to 0.20% with a 2% fee and rates starting from 6.24% up to 75% LTV.
Check out the latest product guide today.
[Download product guide]
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“Whether it’s our Core BTL or Solutions’ range of products, we continue to both add to our offering and introduce price cuts across the whole sphere of buy-to-let mortgages Foundation offers.
“Today we’re able to launch a limited edition HMO product within the BTL by Foundation range, plus a series of price reductions for a number of F2 products, while within our more specialist ‘Solutions’ range we can offer significant price cuts for Expat borrowers, and those purchasing or refinancing both HMOs and multi-unit freehold blocks.
“Landlords continue to seek higher rental yield and are increasingly drawn to higher-yielding properties like HMOs and MUFBs, so it’s not surprising we are seeing a growing interest in this part of the market. With these cuts landlord borrowers should find an easing of affordability, allowing them to either add to portfolios or refinance existing properties, by securing the loans they require.
“Tenant demand has not fallen back in the private rental sector, and these new products and price cuts should allow acquisitive landlords to keep adding supply to their portfolios in order to meet the ongoing need for quality rental properties.”