Buy to let by Foundation — Foundation Home Loans’ BTL brand — has announced a number of price cuts across several of its BTL options.
Pricing for the lender’s F1 and F2 two-year fixes have been lowered by 15 bps, with rates now starting from 6.49% with a 1.5% fee.
The lender’s pound-for-pound F1 and F2 remortgage-only products have also seen rate cuts of up to 10 bps, with pricing now starting from 6.64% with a 1.5% fee.
Other products which have seen rate reductions include:
In addition, the firm has lowered the product fee on its F2 five-year fixed-rate large loan product to 1.25% for options up to 70% LTV.
Tom Jacob, director of product and marketing at Foundation Home Loans (pictured above), said: “Advisers will have noted over the past few weeks in particular that the direction of travel on rates has been downwards, and at ‘Buy to Let by Foundation’, we’re pleased to announce a series of further price cuts by up to 15 bps across a number of F1 and F2 products.
“We’ll continue to closely monitor the market in order to ensure our BTL product range is as competitive as it can be, and that we are meeting the needs of advisers and their landlord clients.”
