Foundation Home Loans has launched two limited company buy-to-let products.

The intermediary-only specialist lender debuts a 2.99 per cent two-year fix at a 75 per cent loan to value ratio, with a 1 per cent fee.

It also launches a house in multiple occupation 3.34 per cent two-year fix, also at a 75 per cent LTV, with a 1 per cent fee.

The Bracknell-based firm adds both loans range between £200,000 to £1m, and each is offered at its interest cover ratio of 125 per cent at 5.5 per cent.

Foundation says both products are priced at 10 basis points below its core range, with product fees halved, and are “designed specifically for those clients who just miss out on mainstream credit or criteria”.

Foundation Home Loans commercial director George Gee says: “Over the past five years, a consistent two in ten landlords have utilised limited companies to purchase further properties in their portfolio, and we anticipate this cohort will be highly active in 2021.

“It’s therefore important that intermediaries can access price-competitive limited company products and specialist criteria, so we are cutting rates and fees on these two-year fixed-rate products to provide greater choice specifically for refinancing or purchasing within a limited company structure.”

Gee adds: “2021 is shaping up to deliver a high-demand private rental sector, and landlords are already responding by looking for property opportunities. These products should support those landlords using their limited company structures to develop their own property-owning footprint further.”