Foundation Home Loans (FHL) has cut rates across its core BTL range by 35bps.
Several rate drops have been introduced across the lender’s BTL F1 and F2 products, including a new F1 65% LTV five-year fixed rate at 5.75%, with a flat fee of £3,995 for loans between £200,000 and £2m.
Changes have also been made to its green BTL five-year fixes, now starting at 5.89%, with a 1.25% fee, while its F2 five-year fixed-rate standard HMO now starts at 6.19% with a fixed fee of £1,995.
FHL has also lowered pricing on its short-term let products by up to 35bps, with rates from 6.29%.
George Gee, commercial managing director at FHL, said: “We are very pleased to be announcing further rate cuts across both our core owner-occupied and BTL product ranges today, which are available to borrowers right across our tiers, from F1 through to F4.
“There is a growing specialist borrower demographic, in both the owner-occupier and BTL space, and we remain committed to lending in these sectors and to ensuring advisers have access to a wide range of product choice including options for those with complex incomes, but also in terms of green mortgage availability, products for professionals and a range of others.”
