Foundation Home Loans has launched two new houses in multiple occupation fee-assisted products.
The broker-only specialist lender says the pair of loans each come with a 1.25% fee, a free valuation and no application fee.
These offers are available up to 75% LTV, with the two-year fix carrying a rate of 6.69%, while the five-year fix is available at 6.39%. The business will be handled by its landlord unit, Buy to Let by Foundation.
The lender has also released new standard BTL products, the two-year fixes starting at 6.39% and five-year fixes starting at 5.94%; each comes with a 1.5% fee. These come through its F1 criteria, for clients with an almost clean credit history.
Green ABC-plus five-year buy-to-let fixes – for portfolio and non-portfolio landlords improving the energy efficiency of their properties – are also available for F1 clients at 5.99% and F2 clients at 6.14%.
All rates on the firm’s BTL Specials range remain unchanged, including the F1 five-year fixed rates from 4.79% and the fee-assisted products for portfolio landlords only from 5.09%; and two- and five-year fixes for houses in multiple occupation.
Foundation Home Loans director of product and marketing Tom Jacob says: “As advisers with houses in multiple occupation landlord clients will know, valuations for these types of properties can be expensive so this should be a considerable saving for clients from the outset.
“At Foundation we are seeing strong ongoing landlord appetite and activity, and we’re here to work closely with advisers and their clients to ensure they get the right finance at competitive rates.”
