Foundation Home Loans has launched a five-year fixed-rate limited edition landlord product.

The specialist lender’s landlord brand Buy to Let by Foundation says the loan is available in its F1 tier – for clients with an almost clean credit history – at up to 75% loan to value with a rate of 5.59%, and a 2.25% fee.

The firm’s residential brand, Residential by Foundation, has also announced 30 basis points cuts to its F1 tier – for clients who just miss out on the mainstream due to historical credit blips – two- and five-year, fee-assisted fixed-rate remortgage-only deals.

Two-year fixes have product options at 80% LTV – now at 6.54% – and 85% LTV – 6.74%, while the five-year fixes are now available at 80% LTV – 6.24% – and 85% LTV – 6.44%.

All four residential products are fee-assisted so come with a fixed £595 fee, a free valuation, no application fee and cashback of £350.

Foundation Home Loans director of product and marketing Tom Jacob adds that the firm’s “residential products come with a number of other benefits, namely a low fixed fee, no application fee, and a free valuation plus cashback.

“Upfront costs are often a major concern for residential borrowers looking to remortgage, particularly those that don’t qualify for the mainstream, and we believe these products, especially with a significant rate cut, will mean they appeal to a much broader client demographic.”