The BTL brand of Foundation Home Loans has unveiled new limited edition BTL products, and has reduced pricing across several options.
The new limited edition products include a five-year fix at 75% LTV, priced at 5.44% with a £4,995 fee, which offers loans from £200,000 upwards.
The lender has also launched new F1 two-year fixed-rate specials, priced at 4.79% up to 65% LTV and 4.99% up to 75% LTV — both products come with a 4% fee.
In addition, Foundation has cut rates for its F1 five-year special portfolio landlord-only products by 10 bps, with rates now starting from 4.89% with a 6% fee, and 5.09% for the 5% fee option.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “We are continuing to review our product offering across all of our lending brands, and are pleased to be offering these new two- and five-year BTL options in our core range, both available up to 75% LTV, with differing fee structures.
“At the same time, we can also cut pricing on our five-year fixes for portfolio landlords, plus are able to cut rates for both F1 and F2 specialist residential borrowers.
“We are now offering highly competitive rates for landlord borrowers who have an almost clean credit history with selective two-year and five-year fixes now below 5%, depending on the type of landlord borrower.
“It’s important we continue to offer a wide range of product options to borrowers with different needs and circumstances.
“We’ll continue to review our offering and to ensure advisers have a strong depth of product options available to be able to support their specialist clients, whether landlords or owner-occupiers.”
