Foundation has launched new specialist products aimed at large HMOs and short-term lets.
The new Large HMO products include a two-year fixed-rate at 5.29% (with a 3% fee) and a five-year fixed-rate at 5.99% (with a 4% fee).
The Short-Term Let products include a two-year fixed rate at 5.19% (with a 3% fee) and a five-year fixed rate at 5.89% (with a 4% fee).
Elsewhere, the lender has cut rates on a number of its specialist and standard fixed rate products.
It has cut its standard HMO two-year fix from 5.24% to 4.99% and its five-year fix by from 5.79% to 5.69%.
MUFB fixed rate products have also been cut, the two-year fix from 5.34% to 5.09%, and the five-year fix from 5.89% to 5.79%.
In its standard BTL range for F1 borrowers — those with an almost clean credit history — its two-year fix has been cut to 4.89%, and its five-year fix to 5.59%.
“Following the changes we introduced last week, we believe we’re continuing to offer a variety of options to help brokers and their landlord clients,” said Grant Hendry, director of sales at Foundation (pictured above).
“We’ll continue to monitor the market situation and act both appropriately and responsibly, while maintaining the depth and breadth of our overall BTL offering.”
