Foundation Home Loans have reduced the rates on their Limited Edition Residential Fee Assisted products by 0.30%, and also introduced a new BTL Limited Edition F1 5 Year Fixed product, up to 75% LTV with a 2.25% fee and a rate of 5.59%.
REDUCED RESIDENTIAL by Foundation products:
- F1 Fee Assisted 2- and 5- Year Fixed Limited Edition products reduced by up to 0.30% up to 85% LTV with rates now starting from 6.24% and a £595 fee PLUS cashback of £350
NEW BTL by Foundation products:
- BTL Limited Edition F1 5- Year Fixed product up to 75% LTV with a 2.25% fee and a rate of 5.59%
See product guides here
[Residential product guide] [Buy to Let product guide]
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“This week we are pleased to launch a new BTL five-year Limited Edition fixed rate with a competitive rate which should appeal to landlord borrowers, while in the residential space we’re able to cut rates by 30 basis points across four two- and five-year 80/85% LTV remortgage only products.
“These residential products also come with a number of other benefits, namely a low fixed fee, no application fee, a free valuation plus cashback. Upfront costs are often a major concern for residential borrowers looking to remortgage, particularly those that don’t qualify for the mainstream, and we believe these products, especially with a significant rate cut, will mean they appeal to a much broader client demographic.
“At Foundation we’ll continue to look at the ways and means by which we can support advisers with specialist clients, whether in the buy-to-let, residential or our more specialist buy-to-let lending proposition, ‘Solutions by Foundation’.”