Foundation has launched a series of limited edition BTL products across its F1, HMO and Holiday Let ranges.
This launch comes off the back of swap rates easing slightly in recent days.
Within Foundation’s F1 range — designed for landlord borrowers with an almost clean credit history — the lender has launched Limited Edition two- and five-year, fixed-rate products.
Offered at rates of 5.59% for the two-year fix, and 5.99% for the five-year fix, both products come with a flat fee of £3,995.
For more specialist property types, a new five-year, fixed-rate product has been introduced within Foundation’s F2 Standard HMO range. This product is available at a rate of 6.24% and comes with a flat fee of £3,995.
In addition, Foundation has launched new products within its F2 Holiday Let range, also with both two- and five-year fixed options. Rates are 6.04% for the two-year fix and 6.34% for the five-year fix, with a £3,995 fee.
“As a specialist lender, it’s important we remain responsive and bring out options that reflect both market conditions and the needs of brokers and their landlord clients,” said Grant Hendry, director of sales at Foundation (pictured above).
“These new products are designed to offer competitive pricing across a range of scenarios, from straightforward cases through to more specialist property types such as HMOs and holiday lets.
“We’re conscious that the market can still move quickly, and while this is a positive step, we’ll continue to keep a close watch on developments and act where needed.”
