Foundation Home Loans introduces its lowest BTL fixed rates

The limited edition product offers a two-year fixed rate starting at 2.49% with an interest cover ratio of 125% x 5.5% for limited companies and 145% x 5.5% for individuals.

This is the lowest fixed rate product the specialist lender has released and is available to brokers who meet FHL’s standard plus criteria.

Andrew Ferguson, commercial director at Foundation Home Loans (pictured above), said: “Being able to regularly offer competitive products cements our commitment to our intermediary partners.

“Our new summer special product carries our lowest ever fixed rates, starting at just 2.49%.

“While the market is geared towards five-year fixed rates, we believe that these offer a competitive alternative for landlord clients who prefer a shorter-term option.”