Foundation has relaunched a number of its BTL products it withdrew earlier this year, alongside rate cuts to MUFB and Holiday Let mortgages.
The changes include the return of the lender’s ERC3 fixed-rate product alongside a broader further mix of new standard and specialist mortgage options.
The range includes five new products, including those aimed at F1 and F2 clients.
Foundation has also reduced rates on two existing products.
The lender’s MUFB five-year fixed-rate at 75% LTV has been cut by 15bps to 6.09%, with a £4,995 fee.
And the Holiday Let five-year fixed-rate at 75% LTV has been reduced by 10bps to 6.24%, also with a £4,995 fee.
“We’ve moved quickly to respond to changes in the market and continue to try and make sure brokers have access to a strong and relevant set of options for their landlord clients,” said Grant Hendry, director of sales at Foundation (pictured above).
“Overall, this is about giving brokers more choice across both standard and specialist buy to let, backed by a proposition that works for the type of landlord business they are writing today.”
