Foundation Home Loans has cut rates on its buy-to-let and owner-occupied special deals by up to 50 basis points.  

Highlights of the broker-only lender’s BTL reductions include:  

• F1 – for clients with an almost clean credit history – five-year fixes, portfolio-only, products down by 45bps, with rates starting from 4.79%, with a 6% fee  
• F1 fee-assisted, five-year fixes, portfolio-only, products down by 50bps, with rates starting from 5.09%, with a 5% fee  
• F1 two- and five-year fixes down by up to 50bps, with rates starting from 5.19% with a 3% fee  
• F2 houses in multiple occupation – for clients financing a more specialist property type – two- and five-year fixes down by up to 45bps, with rates starting from 5.34%, with a 3% fee  

Highlights of its owner-occupied reductions include:  

• F1 – for clients who fall just outside the mainstream – two- and five-year fixes, fee-assisted products, down by up to 40bps, with rates starting from 6.44%, with a £795 fee  
• F2 – for clients with credit blips within the last 24 months – two- and five-year fixes, fee-assisted products, down by up to 40bps, with rates starting from 6.54%, with a £795 fee  

Foundation Home Loans director of product and marketing Tom Jacob says: “The market continues to move positively in favour of borrowers, and as a result, we’ve been able to reduce rates across a large number of specials, for both BTL and owner-occupied clients.  

“These rate reductions come as part of a set of exciting changes that Foundation is making throughout January, including significant improvements to the adviser experience as well as our product proposition.   

“We’ll be announcing further news in this area shortly, so watch this space.”