Solutions by Foundation, the specialist buy-to-let brand of Foundation Home Loans, has reduced pricing on selected semi-commercial products by up to 0.2% – one is available for expat borrowers and one for standard use, with rates now starting from 6.89%.
For semi-commercial (mixed-use) properties – properties with residential and commercial components combined – the lender requires a residential valuation and rental income both in excess of 60% of the total of the property.
Solutions by Foundation has also launched a new two-year, fixed-rate limited edition, exclusively for expat borrowers financing a standard buy-to-let property type, available up to 75% LTV with a rate of 6.64% and a fee of 1.5%.
Foundation Home Loans director of product and marketing Tom Jacob said: “Semi-commercial properties are a key part of the specialist buy-to-let marketplace and it’s important we continue to offer competitive pricing and product options in this area, not just for UK-based borrowers but also expats who are increasingly interested in the opportunities these properties provide.”
