Foundation Home Loans has launched a new range of buy-to-let products at 85 per cent LTV.

This is the first time the intermediary-only lender has offered a buy-to-let product at  this LTV.

The new range includes a two-year fix available at 4.79 per cent, and a five-year rate at 4.99 per cent. There are no product fees on either deal, and both are available to limited companies, individual and portfolio landlords. 

To qualify, the property must have a minimum value of £125,000. In line with the rest of Foundation’s BTL range, rental income on the five-year fix is calculated at the pay-rate.

Foundation Home Loans commercial director George Gee says: “This expansion comes at a time when we are seeing strong demand for increased LTVs.

“Landlords continue to look at the current property market, with strong tenant demand and yield, as an opportunity to grow their portfolios and, as a specialist in this sector, we believe our range can help them fulfil their ambitions via their trusted advisers.”