Foundation Home Loans has cut rates across its buy-to-let core range by up to 90 basis points, and relaunches two-year fixed-rate products across its F1, F2 and standard houses in multiple occupation offers.
The broker-only lender says rates across its core range now start from 6.59%, with a new two-year fixed-rate deal starting from 7.24%, with a 1% product fee.
The new range also includes a reduction of 60bps to Foundation’s ERC3 product, a five-year fixed-rate offer with only three years of early repayment charges, now priced at 6.74%.
The firm has also bolstered its F2 product range with an 80% loan-to-value five-year fixed-rate option with a headline rate of 7.09% and a 1.5% fee.
It has also cut its remortgage-only products by up to 50bps, which come with a £1,295 fee, a free valuation and £500 cashback.
The business says its current service levels continue to average turnaround times of one day for decision-in-principle referrals, applications and underwriter reviews, for all cases.
Foundation Home Loans director of product and marketing Tom Jacob says: “Ours is a full BTL product refresh designed to give advisers a wealth of options for the wide variety of landlord borrowers that are seeking finance at this time, including those with more specialist circumstances such as houses in multiple occupation, expat or short-term lets.”
