As of, Friday 17th November, Foundation Home Loans have reduced a number of rates across their Core Owner Occupied and Core BTL ranges, and introduced to the market their ‘F2 Extra’ range of specialist buy-to-let products and criteria, for property or loan types not typically catered for in the buy to let market.
Reduced owner-occupied rates include:
- F1 2 and 5 year Fixed rates reduced by up to 0.45% with a £995 fee, now starting from 6.64%
- F1 Remortgage Only rates reduced by up to 0.45% with £500 Cashback and a free valuation, now starting from 6.84%
- F1 Professionals and Key Workers ranges reduced by up to 0.45%, rates now starting from 6.64%
- F2, F3 and F4, 2 and 5 year Fixed rates reduced by up to 0.45%, now starting from 6.94%
Check out the latest residential product guide today.
Reduced Core buy to let rates include:
- F1 Fixed rates reduced by up to 0.30%, rates now starting from 6.29%
- Rates reduced across the F2 range for 2 and 5 year Fixed products including HMOs, Large HMOs, and Short Term Lets, now starting from 6.49%
- F1 and F2 5-year Fixed Remortgage Only products reduced by up to 0.25% with £500 cashback, a free valuation and no application fee, rates starting from 6.59% with a £1,295 fee
- F1 Green 5-year Fixed products reduced by up to 0.30%, with a free valuation and no application fee, now starting from 6.29% with a 1.25% fee
New F2 Extra BTL Range includes:
- Large HMO (9 beds plus) Fixed Rate and Discount products starting from 7.04% to 65% LTV
- Holiday Let Fixed Rate products starting from 6.94% to 70% LTV
- Large Portfolio Fixed Rate products starting from 6.94% to 70% LTV
- Large Loan Fixed Rate products starting from 6.89% to 70% LTV
See these on the latest buy to let product guide today
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“Over the past couple of weeks, we have focused on refreshing both our buy-to-let and owner-occupier Specials products, and now we are able to announce a full review of our Core ranges, making rate cuts of up to 30 basis points for buy-to-let and up to 45 basis points for owner-occupier borrowers.
“We continue to support those landlord borrowers and residential purchasers/remortgagors who have properties with an EPC level above C, as it is clearly beneficial to have housing stock which is as energy-efficient as possible, particularly after a period when household energy bills have been so high. We remain focused on providing these Green options and they remain a key part of both our buy-to-let and owner-occupied ranges.
“At the same time, we have cut rates on our HMO, Large HMO and Short-Term Let products for landlord borrowers, and our Remortgage-Only, Professionals and Key Worker products for residential borrowers.
“Overall, this is a positive range of rate cuts across a wide array of products, and we believe these will offer advisers with specialist clients access to the finance they need, at a reduced price.”