Foundation Home Loans has relaunched its ‘specials’ range of BTL products.
Available via the lender’s BTL brand, these mortgages are available for both F1 and F2 clients — those with almost clean credit histories and specialist property needs or blips in their credit ratings, respectively.
The range includes F1 two-year fixed-rate mortgages starting from 4.74% with a 4% fee, available at both 65% and 75% LTV.
There is also the F1 five-year fixed-rate mortgages for portfolio landlords only, starting from 5.19% with a 6% fee — available at both 65% and 75% LTV, there are also fee-assisted five-year fixes from 5.39% with a 5% fee.
Elsewhere, Foundation is offering F2 two and five-year fixed rates for standard HMO and Multi-Unit Freehold Block borrowers from 5.29% with a 3% fee. Again, these are available at both 65% and 75% LTV.
“With the budget now out of the way, and a greater degree of clarity and certainty available, we anticipate landlord borrowers will be much more comfortable in the financial choices they are able to make, and as a result believe we’ll begin to see a greater deal of activity for advisers with such clients,” said Tom Jacob, director of product and marketing at Foundation Home Loans.
“We believe these products offer a strong and compelling offering, and would urge any adviser with clients who are suitable to liaise with our sales team to see how we can support them and their landlord borrowers.”
