Foundation has cut rates and added new products to its specialist product range.
With immediate effect, cuts of up to 30bps have been made to a “large proportion” of Foundation’s products, covering standard and large HMOs as well as MUFBs.
Rates now start from 4.24% on these products.
The lender has also introduced new two- and five-year, fixed-rate, 3% fee products at 65%, 75% and 80% LTV for both standard HMO and MUFB properties.
Short Term Lets and Holiday Let products have also seen rates reduced by up to 15bps, with rates starting at 5.99%.
Rates on two F3 products — for clients with more recent credit blips — have also been cut by 30bps, with both the two- and five-year fixed-rate (with a 2% fee) now available at 6.54% and 6.34% respectively.
Elsewhere, Foundation has introduced two new fixed-rate products for expat borrowers.
Both are for F1 borrowers — for clients with an almost clean credit history — with both 65% and 75% LTV options, and rates starting at 4.39% for two-years (3% fee) and 5.09% for five-years (4% fee).
Rates have also been cut on the lender’s Property Plus, HMO Plus, STL Plus, MPOTs, Mixed Use and Mixed-Use Expat products.
“Specialist BTL remains a core focus for us and these latest rate cuts underline our commitment to supporting brokers across a wide range of cases,” said Grant Hendry, director of sales at Foundation (pictured above).
“By reducing pricing across many of our specialist products, we’re reinforcing both the breadth of our range and our reliability as a lending partner in a market where brokers and their clients need options they can trust.
