Foundation Home Loans has launched a limited-edition range of BTL products and rates aimed at facilitating larger loans for expats, HMOs and MUFBs.
For landlords with almost clean credit histories, Foundation is making available a five-year fixed-rate product at 5.19%.
At a 75% LTV, this includes a £4,995 flat fee and minimum loans of £200,000.
For loan amounts starting from £300,000, landlords with the same history can access this product at 4.99% and pay a flat fee of £7,995.
Landlords with more specialist properties, like large HMOs, can access a two-year fixed-rate mortgage at 6.34% with a minimum loan size of £200,000.
This product, at 75% LTV, carries a flat fee of £4,995.
The five-year fixed-rate version of this is available from 6.14%, the same fee, LTV and minimum loan amount applies.
Additionally, landlords with MUFBs can access a five-year fixed-rate product at 5.64%.
Like the HMO products, this has the same fee, LTV and minimum loan requirements.
In addition, Foundation has reduced the rate on its existing expat two-year fixed-rate mortgage by 5bps, which is now priced at 6.09%.
“These new limited editions are designed to deliver real value to landlords seeking larger loans, while supporting brokers with options that address the complexity of modern BTL lending,” said Tom Jacob, director of product and marketing at Foundation Home Loans (pictured above).
“We continue to innovate across the BTL spectrum and remain committed to providing products that go further than just competitive rates.”
