Foundation Home Loans has cut rates across its core and limited-edition holiday let ranges.
Effective immediately, the lender has reduced its two- and five-year fixed rate core holiday let products by 10bps.
Pricing now starts from 6.24% up to 75% LTV for a five-year fix and 6.54% up to 75% LTV for a two-year fix.
In addition, Foundation’s limited edition five-year fixed rate holiday let product has also seen a 10bps cut, now starting from 5.99% up to 75% LTV, and features a revised fee structure —from 2.5% to a flat fee of £7,995 — with a minimum loan size of £250,000.
These changes are designed to appeal to brokers working with landlords operating in higher-value markets, where larger loan sizes are more common.
“The holiday let market has proven remarkably resilient, with sustained demand from both domestic and overseas visitors driving strong occupancy levels and competitive yields,” said Tom Jacob, director of product at Foundation Home Loans (pictured above).
“Our goal is to ensure advisers have the right tools to help clients capitalise on opportunities in what remains one of the most dynamic areas of the BTL market.
“These latest enhancements reaffirm our ongoing commitment to supporting brokers and landlords with competitive, flexible, and transparent specialist lending solutions.”
