Foundation Home Loans has launched a limited edition five-year fixed-rate product for landlords, while also cutting two-year fixed rates.
Both changes are aimed at F1 portfolio landlords, those with almost clean credit histories.
The 75% LTV five-year fixed-rate product is available from 5.24% with a 1.75% fee plus a free standard valuation and no application fee.
Elsewhere, Foundation has trimmed rates by 25bps on its 75% LTV limited edition two-year, fixed rate product, reducing this to 4.99%.
This product comes with a £2,995 fee and has a minimum loan size of £200,000.
Tom Jacob, director of product at Foundation Home Loans (pictured above), said these changes were being made given a renewed level of broker interest after Budget uncertainty had passed.
“We know brokers want lenders who stand with them during all market periods,” said Tom.
“These changes show our ambition to support both brokers and their landlord clients with clear options, steady service and products that work for the type of cases they are placing.
“Our teams remain on hand to help with case queries, product selection and any support advisers need as activity builds again.”
