Foundation adds pair of 5-year loans for portfolio landlords Mortgage Finance Gazette

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Foundation Home Loans has launched two five-year special products for portfolio landlords.  

The broker-only lender says they are a 65% loan-to-value offer at 5.24%, and a 75% LTV deal at 5.34%. Both products carry a 6% fee.  

The products fall within its F1 tier, for borrowers with an almost clean credit history.

Portfolio landlords can have unlimited properties in their portfolios, with a maximum loan exposure of £5m with the lender, it adds.   

The maximum aggregate borrowing on the firm’s special products for these landlords is £3m.  

Foundation Home Loans director of product and marketing Tom Jacob says: “Portfolio landlords are a key borrower demographic within the buy-to-let market, and much of the property supply within the private rental sector is reliant on these borrowers, their properties, and their commitment to delivering more housing.  

“These new products are specifically for portfolio landlords and come with a lower rate, higher fee option, in order to help them meet affordability, and to support their purchase or refinance needs.”