Buy to Let by Foundation relaunches specials range Mortgage Strategy

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Buy to Let by Foundation Home Loans, has relaunched its range of specials with updated rates.

The specials are available across both F1 – for clients with an almost clean credit history – and F2, for clients financing a more specialist property type and/or those with some historical blips on their credit rating.

Product highlights include F1 two-year fixed-rate specials starting from 4.74% with a 4% fee, available at both 65% and 75% LTV.

F1 five-year fixed-rates for portfolio landlords only, starting from 5.19%, with a 6% fee, available at both 65% and 75% LTV. There are also fee-assisted five-year fixes from 5.39% with a 5% fee.

F2 two- and five-year fixed rates for standard HMOs and MUFBs, from 5.29% with a 3% fee, again available at both 65% and 75% LTV.

Commenting on the rate updates Foundation Home Loans director of product marketing Tom Jacob said: “These relaunched buy-to-let specials are not just available across two of our tiers but also cover a number of borrower and property types, with different terms, LTVs and fee structures. They are therefore designed to provide advisers with the widest range of options to meet a variety of landlord borrower needs and circumstances.

He added: “With the Budget now out of the way, and a greater degree of clarity and certainty available, we anticipate landlord borrowers will be much more comfortable in the financial choices they are able to make, and as a result believe we’ll begin to see a greater deal of activity for advisers with such clients.”


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