As of Tuesday 12th December 2023 we have refreshed selected products in our BTL range.
Changes in the BTL range include:
- F1 Limited Edition 2 Year Fixed product reduced by up to 0.10% with a £1,495 fee, with a rate of 6.49%
- F1 Limited Edition 7 Year Fixed product reduced by up to 0.15% with a 1% fee, with a rate of 6.54%
- F1 & F2 2 Year Fixed products reduced by up to 0.20%, with a 1.5% fee, rates starting from 6.54%
- F2 standard HMO and Short Term Let products reduced by up to 0.20%, rates starting from 6.79%
[Check out the Product and Criteria guides]
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“There’s no getting away from the fact that much of 2023 has proved to be a challenge for many landlords. However, it’s also fair to say that the back end of the year has shown there is light at the end of tunnel with positive swap rate movement and increased competition across the sector helping to drive down price and alleviate some affordability concerns.
“Our latest raft of rate reductions should further encourage landlords to evaluate their options over the closing weeks of the year and let me reassure them – and our intermediary partners – that there are more positive actions in the pipeline as we look to enter 2024 with a bang.”
Intermediaries should contact their dedicated Regional Area Manager to discuss a case.