As of Thursday 15th February, Foundation Home Loans have improved affordability for shorter term buy-to-let products by lowering their notional stress rate from ‘the higher of 8% or pay rate+2%’ to ‘the higher of 6% or pay rate+2%’ (Fixed rates of 5 or more years continue to be calculated at the pay rate).
Foundation Home Loans now have new rates across their entire BTL and Solutions ranges.
Buy to Let by Foundation:
- 2 Year Fixed rates now starting from 6.29%
- 5 Year Fixed rates now starting 5.89%
- Large Portfolios (£5m+) now starting from 6.29% to 70% LTV
- Short term lets from 6.24% to 65% LTV
Check out the latest product guides today.
Solutions by Foundation:
- Borrowing now permitted up to 75% LTV on large HMOs up to 10 bedrooms (was previously 8) with rates starting from 6.49% with a 2% Fee
- Large HMO (unlimited bedrooms) 5-year fixed rates now starting from 6.39% to 65% LTV
- Mixed-use (Part-commercial) starting from 6.99% for 2 years
Check out the latest product guides today.