The broker-only specialist lender says across the owner-occupier range, it has cut rates on its fixed-rate specials by 90bps on its F1 tier, for clients just missing out on the mainstream, as well as its F2 tier, for clients with recent credit blips.  

The firm’s new two- and five-year residential fixed-rate offers start at 6.49% and 6.59%, respectively, with products available up to 75% loan to value.   

All owner-occupier products come with a fixed £1,495 fee, and are available up to a maximum loan of £1m.  

Across its BTL range, the business has introduced specific price reductions on its two- and five-year fixed-rate specials, at 65% and 75% LTV.   

F1 tier products have been reduced by up to 85bps, F2 tier by 80bps, and F2 tier houses in multiple occupation by up to 90bps. BTL fixed rates now start at 5.89%.  

The lender says these BTL specials are available for both individual and limited company borrowers across its F1 tier, F2 tier and ‘standard’ houses in multiple occupation product ranges. They come with a 2% product fee, and are also available up to a maximum loan size of £1m.  

The business continues to offer green products for landlord borrowers, covering five-year fixed-rate options for F1 tier, F2 tier standard, standard houses in multiple occupation, large houses in multiple occupation/multi-unit blocks, short-term let and a green expat option.  

The firm adds that its current service levels include turnaround times of one day for decision-in-principle referrals, application and underwriter reviews for residential cases.  

Foundation Home Loans managing director, commercial, George Gee says: “This is all about ensuring we have a quality product offering for advisers and their specialist clients, but also highlighting our very positive service levels at present, which should allow intermediaries to work quickly on behalf of borrowers and secure the mortgage finance they require.”