Foundation Home Loans has cut rates on a number of buy-to-let limited edition products and launched a new five-year limited edition fix.
The limited edition products are within Foundation’s F1 range – for landlord borrowers with an almost clean credit history – and cover a range of fixed-rate terms.
These include:
- A two-year fixed rate, available to 75% LTV, now at 6.59% after a rate cut of 15 basis points (bps). The product comes with a fixed £1,495 fee.
- A five-year fixed rate, available to 75% LTV, with a new rate of 6.24% after a rate cut of 15bps, with a 1% fee.
- A seven-year fixed rate, available to 75% LTV, with a new rate of 6.69%, after a rate cut of 30bps, also with a 1% fee.
Foundation has also launched a new limited edition five-year fixed-rate, available to 75% LTV, with a rate of 6.14%, and a fixed fee of £2,995.
These rate cuts follow Foundation launching new Extra products earlier this month, within its F2 buy-to-let range covering more unusual properties and landlord borrower needs.
Foundation diector of product and marketing Tom Jacob comments: ““All products are available up to 75% LTV and come with different fee structures in order to provide options for landlord clients and to help them meet affordability. Large numbers of landlord borrowers will be coming up for renewal throughout the months ahead, plus we’re seeing growing purchase activity as rates fall lower”.
