Foundation Home Loans has announced rate reductions across its five-year buy-to-let suite and brought out a new green remortgage aimed at landlords.

Cuts of 10 basis points bring the 75% LTV five-year fix with 2% fee down to 3.24% and the 65% LTV five-year fix with 2% fee to 3.14%, with the large loan option (up to £2m) now 2.99% with 2.25% fee.

Meanwhile, the 75% LTV ERC-3 five-year fix has had 10 basis points cut also, giving a new rate of 3.59% and the 75% LTV early remortgage five-year fix with 2% fee has received the same treatment, providing a rate of 3.39%.

Alongside this, the 75% LTV Green Reward Remortgage five-year fix has been cut from 3.65% to 3.59% and the lender has launched a 65% LTV version, with a maximum loan amount upped from £1m to £1.5m and a rate of 3.49%.

Each includes £750 cashback and a reduced fee of 0.65% for the 65% LTV product and 0.75% for the 75% LTV product.

Foundation commercial director George Gee says: “These rate cuts to some of our most popular five-year fixes are designed to support advisers and their landlord clients, particularly if they are looking for a more generous loan amount; the cuts of 10 basis points make these even more competitive and will enhance our core range supporting those landlords looking to add to their portfolios or to remortgage to an excellent rate.”