Foundation Home Loans has today (8th June, 2023) added three new products as well as special editions to its core BTL offering.
In its F1 tier, the lender is introducing a 6.39% five-year fixed-rate and in its F2 tier, both a 6.59% large HMO five-year fixed-rate and a 6.79% short-term let five-year fix.
All three products come with a £2,995 fee, a free valuation and no application fee.
Foundation is also introducing a range of specials with enhanced features within its BTL range including reduced product fees for its F1 five-year fixes — down from 1.5% to 1.25% — plus new F1 two-year fixed-rates from 5.99%, with one free standard valuation.
The new products follow the refreshing of all Foundation’s products within its core BTL ranges at the end of May.
Tom Jacob, director of product and marketing at Foundation, said: “At the end of last month we were able to relaunch our core BTL products and [we are] continuously looking at our range, reviewing where we believe there is strong demand [for] new features.
“The new F1 product should have a wide appeal across a number of landlord borrowers, while our more niche HMO and short-term let five-year fixes are targeting a growing demand within the sector, particularly as landlords seek increasing yields.”
