Foundation Home Loans are excited to announce significant rate reductions across their BTL core product range plus a fee reduction of £2,000 on their F2 HMO limited edition product.
As the full range has been repriced we invite you to view the product guide here
Here’s a sneak peek at our updated offerings:
- BTL F1 and F2 2- and 5- Year Fixed rates reduced by up to 0.35%, now from 5.29% (1.5% fee) up to 80% LTV
- BTL F2 Holiday Lets 2- and 5- Year Fixed rates now available up to 75% LTV, from 6.19% (2% fee)
- BTL F2 HMO Limited Edition 5 Year Fixed rate now 5.74% with a reduced £2,995 fee (was £4,995) up to 75% LTV
- BTL F1 5 Year Fixed ERC3 rate reduced by 0.20%, now 5.79% (1% fee) up to 75% LTV
- BTL F1 and F2 Green Fee Assisted 5 Year Fixed rates reduced by up to 0.20%, now from 5.44% (1.25% fee) up to 75% LTV
These significant updates offer more competitive rates and great options for your Buy to Let clients. For full details, please check our latest product guide.
Check out the latest Buy to Let rates.
[view the new BTL rates here]
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“These rate cuts to our core buy-to-let product offering cover all our borrower tiers and vast array of the many product options we offer, including Limited Edition mortgages, and sector-specific ones such as HMOs, Holiday Lets, and Short-Term Lets.
“It’s important that advisers have access to the widest possible range of product solutions for their clients as each individual property/borrower need is different, and increasingly borrowers are seeking out specific property types which have a greater opportunity to make a higher yield.
“These rate cuts are significant, up to 50 basis points in some cases, and we have also made fee reductions, notably on our HMO Limited Edition five-year fix which has been cut by £2,000.
“Overall, we believe this is a highly-competitive buy-to-let product range with a wide variety of options available to all kinds of landlord borrowers, and we are keen to work with advisers and their clients in order to find the right solutions, and to explore how we can support their advice propositions in this highly important sector.”