Foundation Home Loans has launched two buy-to-let mortgages that charge zero fee on a limited edition basis.

Both are available at 75% LTV for a maximum loan of £750,000 and come as a two-year fix.

The first charges 3.24% and the second, designed for homes in multiple occupation, 3.44%.

The new products can be used for purchase and remortgage for individual landlords or limited companies and are available only to portfolio landlords.

Foundation commercial director George Gee says: “Upfront costs can prove a real issue for some landlords who are looking to secure a competitive rate, and can offer especially good value to those purchasing or remortgaging multiple properties.

“By introducing these ‘no-fee’ products – which include one free standard valuation, no product fee and no application fee – we are aiming to deliver a product range which offers portfolio landlords access to greater flexibility.”