Foundation Home Loans has cut rates across its buy-to-let and owner-occupied core product ranges by up to 45 basis points.  

The broker-only specialist lender says in its BTL core product range it has made reductions of up to 30bps. Its F1 – for clients with an almost clean credit history – green five-year fixed-rate mortgages now start at 6.29%, with a 1.25% fee, a free valuation and no application fee.  

The firm’s green products are available for those purchasing or remortgaging a property with an energy performance certificate rating of C and above.  

In its owner-occupied core product range, the lender has also reduced its F1 – for those who just miss out on the mainstream – green two- and five-year fixed-rate products by up to 45bps, with rates starting at 6.74%, and available with £750 cashback and a fixed £795 fee.  

Rate changes have also been made to its remortgage-only, professionals and key worker F1 products, with rates again reduced by up to 45bps.  

The lender has made a similar price reduction to two- and five-year fixes for all other borrower tiers. Its F2 tier – those with recent credit blips – F3 – those with credit problems in the last 12 months and F4 – those with no significant adverse in the last six months.  

Foundation Home Loans director of product and marketing Tom Jacob says: “Over the past couple of weeks, we have focused on refreshing both our BTL and owner-occupier specials products, and now we are able to announce a full review of our core ranges, making rate cuts of up to 30bps for BTL and up to 45bps for owner-occupier borrowers.  

“We continue to support those landlord borrowers and residential purchasers and remortgagers who have properties with an energy performance certificate level above C, as it is clearly beneficial to have housing stock which is as energy-efficient as possible, particularly after a period when household energy bills have been so high.   

“At the same time, we have cut rates on our houses in multiple occupation, large houses in multiple occupation and short-term let products for landlord borrowers, and our remortgage-only, professionals and key worker products for residential borrowers.”