Foundation Home Loans has added a ‘special edition’ two-year buy-to-let product up to 75% LTV to its Green ABC+ mortgage range.
The products are available up to 75% LTV for limited companies and individuals looking to remortgage or purchase.
The specialist lender is offering the deals under it’s F1 product range, for borrowers with an almost clean credit history, with a two-year discount at 3.49% (3.25% discount).
For HMO (houses in multiple occupation) lending – up to six occupants – there is a two-year discount at 3.74% (3% discount), while for short-term lets there is a two-year discount at 3.84% (2.9% discount).
All products are ERC-free and come with a 1.5% product fee.
The maximum loan size has been increased from £1m to £1.5m for landlords looking to borrow more at 75% LTV for their EPC A-C rated properties.
The lender’s green range was launched in October 2021 and in March 2022 expanded it’s green BTL options to specialist property types, including short-term lets and standard HMOs (up to six occupants).
Foundation managing director (commercial) George Gee says: “In the recent Q2 iteration of the BDRC landlord panel survey, almost two-thirds of landlords (63%) planning to purchase property in the next 12 months were said to be looking for a property rated A-C and 53% of landlords who had bought a property in the last three months have bought properties with an EPC A-C. This data helps demonstrate the changing attitudes and appetites from landlords when it comes to the energy-related performance of their properties and this is an area which will only continue to grow in light of potential legislative shifts which remain on the horizon.
“This enhancement to our ABC+ Green Mortgage range, through the addition of a set of special edition two-year BTL discounts, underlines our ongoing commitment to supporting the green agenda and in providing options to those landlords who are looking to add to their portfolios or remortgage existing properties within them. We are only at the beginning of the Green Mortgage journey and we will continue to drive positive change where possible throughout our buy-to-let and residential propositions.”
