Foundation Home Loans has enhanced its core buy-to-let (BTL) range with the launch of a new 85% loan-to-value (LTV) product.

The specialist lender’s F1 BTL product offers a five-year fixed rate of 6.49%, a minimum loan size of £100,000, no product fee and is available up to 85% LTV.

It is available to both individuals and limited companies. There is no minimum income requirement, and brokers will continue to benefit from Foundation’s same-day DIP turnaround times.

Foundation says the product is designed to appeal to a wide range of borrowers, from first-time landlords to seasoned investors seeking to release equity or expand their portfolios.

Foundation director of product and marketing Tom Jacob says: “Extending our core buy to let offering into the 85% LTV band represents a significant step for the business and a big moment in BTL lending.”

“It provides landlords and our intermediary partners with a compelling, low-deposit route to access funding in a market where affordability can often be a barrier – particularly for those looking to maximise leverage or reduce upfront costs.”