Foundation Home Loans has made rate changes to three of its five-year fixed buy-to-let products, for both limited company and individual landlord borrowers.

Landlords with an almost clean credit history can access the lender’s F1 range, with rates on 65 per cent LTV five-year fixes cut from 3.39 per cent to 3.24 per cent; rates in the range at 75 per cent LTV have been reduced from 3.59 per cent to 3.49 per cent. A 2 per cent fee applies to both products.

Foundation has also cut the rate of its large loan, five-year 65 per cent LTV buy-to-let product to 3.14 per cent from 3.29 per cent; this comes with a minimum loan size of £500k, and a maximum of £2m.

The rate reductions follow the lender’s return last month to offering 80 per cent LTV buy-to-let products.

Foundation Home Loans director of marketing Jeff Knight says: “Pent-up demand from landlords post-lockdown has now evolved further with their unexpected access to the stamp duty holiday, and these rate cuts should come at a very good time for advisers and their clients seeking either remortgage or purchase finance.

“These three specific five-year products were already some of our ‘best sellers’ and we are very pleased to be able to reduce rates further in order to support the landlord community, particularly those who utilise limited companies in order to house their portfolio properties.

“We are seeing encouraging signs from the market, and as a lender we remain committed to helping as many landlords as possible to make the most of the opportunities that are currently available.”