FOUNDATION HOME LOANS LAUNCHES RATE REDUCTIONS AND NEW BTL PRODUCTS ON THE F1 AND F2 RANGE PLUS NEW F1 – F4 CORE RANGE FOR OWNER OCCUPIERS
As of today, Tuesday 28th March, Foundation Home Loans has announced a complete refresh of its core buy-to-let & owner occupied product ranges, introducing a range of new products across both.
The buy-to-let refresh covers all core products, as well as expat, large HMO, short-term let and Green product options.
Foundation’s current service levels continue to average turnaround times of one day for DIP referral, application and underwriter review for all cases
NEW buy to let rates and changes include:
- New F1 Large Loan 5 Year Fixed 65% LTV at 5.84% with a fixed product fee of £3,995
- F1 2 and 5 year fixed 75% LTV starting at 6.24% with a fixed product fee of £1,995
- Expat F1 and F2 5 year fixed 75% LTV starting at 6.29% with a 1.25% fee
- F3 2-year discount product at 75% LTV with no early redemption fees at 6.84%
- Rate reductions by up to 0.70% across Green and discount products now starting at 6.09%
NEW owner-occupied products and changes include:
- New Professionals Products 2 and 5 years fixed 65% and 75% LTV starting at 6.49%
- F1 fee assisted 2 and 5 year fixed rates to 75% LTV starting at 6.74% with a reduced fee of £795 with one free standard valuation and no application fee
- F2 Discount rate at 65% and 75% LTV with no ERCs starting at 6.89%
- F3 2 and 5 years fixed options now available at 65% and 75% LTV, starting from 7.14%
- F4 2 and 5 years fixed options now available at 65% and 75% LTV starting from 7.39%.
George Gee, Managing Director (Commercial) at Foundation Home Loans, said:
“Today we announce a significant refresh of our entire buy-to-let core product range, with both rate reductions and new products with flat fee options across all our borrower tiers, and the reintroduction of our F3 range and mortgages for expat buy-to-let borrowers.
“At the same time, we are introducing a range of new fixed and discounted products for owner-occupier borrowers, across our entire F1-F4 tiers, including fee-assisted options, new products within our Professional range, plus Green mortgage options.
“We are here to support advisers with their specialist clients – both in the buy-to-let and owner-occupied sectors – and given we have extremely strong service levels at present, now is the time to review our range and to see how they might fit with clients, taking advantage of all our ability to work quickly on your behalf.”