Foundation Home Loans has added to its BTL range, covering larger HMOs, Multi-Unit Freehold Blocks (MUFBs) and selected mortgages for expats.
This includes products for large HMOs - two and five year fixed-rate mortgages with rates reduced by 4 basis points and available from 6.19%. Fees are 2%.
Foundation has also cut rates by 3 basis points on its two and five year fixed-rate mortgages for MUFBs, starting at 5.99%. Again, fees are 2%.
There are also rate reductions and new products for expat clients.
The latter includes a five year fixed-rate expat mortgage, on up to 75% LTV, available from 5.99% with a 1.5% fee.
“We’re aware of many professional landlords with substantial portfolios who either have HMOs or MUFBs already, or are looking to purchase, or indeed are looking to change existing properties to higher-yielding, multi-tenanted ones,” said Tom Jacob, director of product and marketing at Foundation Home Loans.
“Adding these to our range, widens the options in such areas, plus we have added specific Expat borrower products covering both traditional lets but also holiday, HMO and MUFB as well.
“Overall, we believe these new additions will be welcome news for advisers active in the BTL space as we seek to support the ongoing wants and needs of the landlord population.”
These new products are available with immediate effect.
