Foundation launches new BTL products | Mortgage Strategy

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Foundation Home Loans has issued new buy-to-let (BTL) mortgages for individual and limited company landlords.

They come as zero fee and flat fee options are can each be used for purchase or remortgage.

The zero fee products are available at up to 75% LTV, with a two-year fix at 3.24% and a five-year fix at 3.34%. Both come with a free standard valuation.

And the flat-fee mortgages, which charge £1,995, are available at up to 65% LTV and are priced at 2.79% for a two-year fix and, for a five-year fix, 2.99%.

Foundation Home Loans commercial director George Gee: “Given that we have no limit to the size of the background portfolio of the client – subject to £5m borrowing with Foundation – we believe these products offer intermediaries a good value option for their portfolio and non-portfolio landlords.

“The BTL market is a key focus for Foundation and these new limited editions ensure we continue to deliver on keeping upfront costs low for borrowers and provide highly competitive rates for landlords who want to make the most of the current market conditions and increase the size of their portfolios.”

Earlier this month, the lender brought out new limited edition owner-occupier remortgage deals and buy-to-let offerings.


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