The BTL arm of Foundation Home Loans has cut rates on a range of fixed-rate products, by up to 0.30%.
These new rates are available to F1 and F2 clients, those with almost clean credit history or with more specialist property types respectively.
With immediate effect, F1 portfolio landlords can access a five-year fixed-rate product from 4.89% with a 6% fee and up to 75% LTV.
These clients can also access the fee-assisted version with a 5% fee, same LTV range, from 5.09%.
F1 clients can also access two-year fixed rate mortgages where rates have been reduced by 25bps to start from 4.49%, with a 4% fee and up to 75% LTV.
Buy to Let by Foundation has also cut rates by 3bps for both HMO and MUFB products.
F2 HMO clients can access two and five-year fixed-rate mortgages, with a 3% fee, from 4.99% and up to 75% LTV.
Similarly, F2 HMO clients can access two and five-year fixed-rate mortgages, again with a 3% fee, from 5.09% and up to 75% LTV.
“Our range, pricing and criteria is tailored to an array of landlord borrowers and property types, and these Specials cover a wide variety of needs and circumstances, whether standard buy-to-let finance or more niche areas such as HMOs and MUFBs,” said Tom Jacob, director of product and marketing at Foundation Home Loans.
“We urge advisers to review the updated product guide and to work with our sales team to ensure they have all the information they need to provide positive outcomes to their landlord borrower clients in light of these new products.”
