Foundation Home Loans launches new five-year BTL fixes

The specialist lender has introduced a five-year fix priced at 3.34%, up to 65% LTV with a maximum loan size of £1.5m.

This has a 0.5% product fee and a rental income calculation of 145% at payrate for individuals and 125% for limited companies.

In addition, it has added a five-year fix at 3.49%, up to 65% LTV with a maximum loan size of £1m.

This comes with a fixed £1,995 product fee and a rental calculation of 145% at payrate for individuals and 125% for limited companies.

Jeff Knight, director of marketing at Foundation Home Loans (pictured above), said: “These new five-year products plus rate cuts across other products in the buy-to-let range, coupled with our flexible criteria in this area, should make these highly attractive to advisers and their landlord clients.”