Grant Hendry, director of sales at Foundation Home Loans
news | 5 hours ago | Jon Yarker

Foundation cuts rates by up to 25bps

Foundation has cut rates across selected products by up to 25bps.


The biggest cuts apply to selected F1 BTL standard products and the majority of standard HMO mortgages, as well as all of those for MUFBs.

Elsewhere, rates have been cut by up to 20bps on all short term and Holiday Let rates and the majority of expat rates.

All property plus rates have been reduced by 10bps.

In addition to these rate reductions, Foundation has reduced its minimum BTL property value to £70,000.

For properties valued between £70,000 and £75,000, the maximum available LTV is now 75%.

"This significant buy to let refresh reflects our determination to provide brokers with both greater choice and stronger pricing across a wide range of landlord scenarios,” said Grant Hendry, director of sales at Foundation (pictured above).

"Several products now sit in highly competitive positions within the market, including products that are at or near the top of the sourcing tables in their respective categories.

“As a specialist lender, our focus remains on responding quickly to market opportunities and ensuring advisers have access to solutions that meet the diverse needs of today's landlords, whether they are purchasing, remortgaging, expanding portfolios or investing in more specialist property types."

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