Foundation Home Loans has today (1st August 2023) refreshed its BTL ‘specials’ product range to incorporate rate reductions of up to 35bps.
Its five-year fixed-rate F1 portfolio landlord special has been reduced by 35bps and now comes with a headline rate of 6.09% and a 4% fee.
The rate on its two-year fix for the same product has been cut by 25bps and now starts at 6.44% with a 2.5% fee.
Both products are available up to 75% LTV.
The lender’s F1 BTL fixed rate specials have also seen a reduction of 20bps which now start at 6.79%.
Rates on the F2 BTL fixed-rate specials have fallen by 10bps, now starting at 6.94%, while the fixed-rate F2 HMO specials have come down by 5bps and now start at 7.04%.
Tom Jacob, director of product and marketing at Foundation, commented: “Enquiry and engagement levels have remained strong at the more professional end of the landlord spectrum throughout the many ups and downs experienced over the course of 2023, and this is an area which will dominate the BTL sector going forward.
“As such, we expect these latest rate reductions to prove extremely popular with portfolio landlords who are looking to take advantage of opportunities which continue to present themselves across the BTL sector.”
