Buy to Let by Foundation and Virgin confirm rate changes Mortgage Strategy

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Buy to Let by Foundation has lowered pricing by up to 30 basis points on a range of fixed rate specials.

The revised Specials are available in both F1 – for clients with an almost clean credit history – and F2 – for clients financing a more specialist property type– tiers.

Products include F1 Portfolio Landlord, five-year fixed rates reduced by up to 0.30% with a 6% fee; rates starting from 4.89% up to 75% LTV.

F1 Portfolio Landlord Fee-Assisted, five-year fixed rates reduced by up to 0.30% with a 5% fee;  rates starting from 5.09% up to 75% LTV.

F1 two-year fixed rates reduced by up to 0.25% with a 4% fee; rates starting from 4.49% up to 75% LTV.

F2 HMO two- and five-year fixed rates reduced by up to 0.30% with a 3% fee; rates starting from 4.99% up to 75% LTV.

And F2 Multi-Unit Freehold Block (MUFB) two- and five-year fixed rates reduced by up to 0.30% with a 3% fee; rates starting from 5.09% up to 75% LTV

Virgin’s product changes include, for purchase rates with £995 fee,               65% LTV two-year  fixed Rate will be reduced by 0.16%, to 4.37%; 90% LTV  two-year Fixed Rate will be reduced by 0.05%, to 5.08%.

The lender’s 65% LTV five year Fixed Rate will be reduced by 0.05%, to 4.24% and its 85% LTV 5 Year Fixed Rate will be reduced by 0.21%, to 4.43%.

For Virgin’s Purchase fee-savers products, its 65% LTV two-year fixed rate will be reduced by 0.15%, to 4.63%; its 85% LTV two-year fixed rate will be reduced by 0.19%, to 5.01%. The lender’s 75% LTV five year fixed rate will be reduced by 0.05%, to 4.39% and its 90% LTV five year fixed rate will be reduced by 0.05%, to 4.86%.

Other changes include selected shared ownership fixed rates will be reduced by up to 0.10%, starting from 4.24%. And Retrofit Boost five-year fixed rates will be reduced by up to 0.21%, starting from 4.59%.

The end dates will move to 1 March of the relevant year.


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