As part of the criteria changes, Foundation has relaunched its entire BTL range, with a number of new and repriced products.

These include the F1 two-year, fixed-rate limited edition mortgage, available at 75% LTV, which has been reduced by five basis points to 5.60% with a 1% fee.

There is a new F2 two-year fixed-rate HMO limited edition product, also available at 75% LTV, with a rate of 5.75% and a 1% fee.

In addition, the lender has added F1 and F2 five-year, fixed-rate Green ABC+ products, which are available up to 70% LTV, with rates starting from 5.79%, a 1.25% fee, no application fee and a free valuation.

These come with a maximum loan size of £2 million.

Foundation has also cut rates on selected F2 products, including specialist categories such as expat borrowers and complex property types, with rate reductions of up to 15bps.

Foundation Home Loans director of product and proposition Tom Jacob says: “Our goal at Foundation is to ensure our proposition evolves in line with the needs of our intermediary partners and their landlord clients.”

“Increasing the maximum loan size to £3 million on the majority of our lower LTV products is a direct response to broker feedback and market demand.”

“Coupled with a complete refresh of our full range of buy to let products, today’s update reaffirms our focus on delivering flexible, competitive solutions for all types of landlords – from those purchasing in a limited company structure, to those with HMOs, specialist properties, or who live overseas.”