Foundation Home Loans has launched a new limited edition five-year fixed rate product to bolster its core buy-to-let proposition.

The F1 limited edition five-year BTL fixed rate comes with a headline rate of 5.64% up to 75% LTV and a 1.50% fee. It’s available for both purchase and remortgage purposes.

The intermediary-only specialist lender said the launch follows the December repricing of selected products across its core buy-to-let range with rate reductions of up to 0.20%.

It said current service levels continue to average turnaround times of one day for DIP referral, application and underwriter review for all cases.

Foundation Home Loans director of product and marketing Tom Jacob said: “This is a product which further enhances our broad range of competitive rates and fee options across a variety of fixed rate terms and is likely to be a popular option in what could prove to be an opportunity-laden period for landlords across the UK.”