Foundation Home Loans has lowered rates across its two- and five-year fixed-rate BTL specials available at 65% and 75% LTV.
Its F1 options have been reduced by up to 85 basis points, while its F2 standard and HMO products’ prices have been lowered by up to 80 and 90 basis points, respectively — with rates now starting from 5.89%.
The BTL specials offer loans up to £1m for both individual and limited company, and come with a 2% product fee.
Foundation also continues to offer green products for landlord borrowers, covering five-year fixed-rate options for F1, F2 standard and HMO/MUB, and short-term lets, as well as a green expat product.
George Gee, managing director (commercial) at Foundation Home Loans, said the company was pleased to be able to make these reductions.
“This is all about ensuring we have a quality product offering for advisers and their specialist clients, but also highlighting our very positive service levels at present, which should allow intermediaries to work quickly on behalf of borrowers and secure the mortgage finance they require,” he added.
“It has been a positive start to the year, and Foundation remains fully committed to helping advisers deliver the right solutions for their clients, and to making the process as simple, effective and fast as we possibly can.”
