As of today, Friday 10th November, Foundation Home Loans have improved our BTL and owner-occupied Special rates by up to 0.40%, and they have launched a new 7 year Fixed rate for Buy to Lets.
Changes to buy to let rates include:
- Reduced F1 2 and 5 year limited edition products up to 75% LTV now starting from 5.74%
- NEW F1 7-year Fixed 75% LTV with a 1% fee with a rate of 6.99%
- Reduced Portfolio Landlords Only Fixed Rate Specials with a 5% product fee, no application fee and one free valuation now starting from 5.69% up to 65% LTV (NB Portfolio landlord specials are up to 75% LTV)
- Reduced 2 and 5 year BTL Fixed Rate Specials with a 3% fee now starting at 5.74%
- Standard HMO 2 and 5 year Special Fixed rates reduced by up to 0.30% now starting from 5.89% up to 75% LTV
Check out the latest Buy to Let product guide today.
Changes to Owner Occupied rates include:
- F1 2 and 5 year Fixed Rate Specials with a £795 fee, no application fee and one free valuation now reduced by up to 0.35% with rates starting from 6.94%
- F2 2 and 5 year Fixed Rate Specials with a £795 fee, no application fee and one free valuation now reduced by up to 0.40% with rates starting from 6.99%
Check out the latest residential product guide today.
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“Both our Specials and Limited Edition products play a significant role within our overall owner-occupied and buy-to-let product ranges, and we’re very pleased to be able to cut rates across a large number of these products today.
“Our owner-occupied products are benefiting from rate reductions of up to 40 bps, while within buy-to-let we have cuts of up to 30 bps, which we believe will support advisers working with these types of clients, and will certainly help in terms of meeting affordability criteria.
“Offering product choice and options is clearly crucial in today’s mortgage market, and these products come with a number of incentives, from lower rate/higher fee options and no application fees and free valuations for some buy-to-let products, to lower fixed fees, free valuations and no application fee for owner-occupied specials.
“At the same time, we are launching a new seven-year fixed-rate buy-to-let product at 75% LTV within our Core range, as we continue to provide a variety of product options for landlord borrowers.”