As of today, Friday 21st July, Foundation Home Loans have a new Buy to Let 5 year fixed rate product on a Limited Edition available
Foundation’s current service levels continue to average turnaround times of one day for DIP referral, application and underwriter review for all cases.
LIMITED EDITION Buy to Let rates include:
- 5 year fixed rate at 6.69%
- Flat £2,995 fee
- Available up to 75% LTV
- For individual and Limited Company landlords
Check out the latest buy to let product guide today
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“Even prior to the publication of the latest inflation figures, we were seeing an easing of swap rates off their most recent highs, and as a result of this shift, we are able to launch this Limited Edition five-year fix for buy-to-let borrowers at a keener rate.
“Five-year fixes remain popular in terms of both meeting affordability measures, ensuring borrowers can secure the right loan amount and in terms of providing monthly mortgage payment certainty. This product is available up to 75% LTV with a flat fee, plus it comes with a maximum loan amount of £1.5 million.
“As always, we keep a very close eye on the money markets & the sector itself, to ensure that, if the direction of travel remains the same, we can take the opportunity to provide competitive product options. Our current service levels are excellent and we are here to support advisers across all their specialist lending needs.”