Buy to Let by Foundation has made rate cuts of up to 0.5% on its F1, F2 and F3 tiers.

Reductions of up to 0.35% have been made to F1 and F2 two- and five-year fixed-rates, with products now available from 5.29% (1.5% fee) up to 80% loan-to-value (LTV) while F2 holiday lets two- and five-year fixed-rates now available up to 75% LTV, from 6.19% (2% fee).

F2 houses of multiple occupancy (HMO) limited edition five-year fixed-rate are now available at 5.74% with a reduced £2,995 fee (previously £4,995) up to 75% LTV.

Meanwhile, the F1 ERC3 five-year fixed rate, which comes with ERCs for the first three years only, has a rate reduction of 0.20%, now 5.79% (1% fee), available up to 75% LTV.

F1 and F2 green fee-assisted five-year fixed rates have also been lowered by up to 0.20%, now available from 5.44% (1.25% fee) up to 75% LTV.

Foundation Home Loans’ BTL brand has also made rate cuts to a range of other products including fee-assisted remortgage only, energy performance certificate (EPC) Saver – which comes with one free EPC plus £1,000 cashback, HMO fee assisted, and short-term lets including fee-assisted options.

Foundation Home Loans director of product and marketing Tom Jacob says: “These rate cuts to our core buy-to-let product offering cover all our borrower tiers and vast array of the many product options we offer, including Limited Edition mortgages, and sector-specific ones such as HMOs, Holiday Lets, and Short-Term Lets.”

“It’s important advisers have access to the widest possible range of product solutions for their clients as each individual property/borrower need is different, and increasingly borrowers are seeking out specific property types which have a greater opportunity to make a higher yield.”

“These rate cuts are significant, up to 50 basis points in some cases, and we have also made fee reductions, notably on our HMO Limited Edition five-year fix which has been cut by £2,000.”