Foundation Home Loans has cut rates on its buy-to-let and owner-occupier specials product range by up to 35 basis points.  

The broker-only specialist lender reduced its five-year fixed-rate F1 Portfolio Landlord special by 35bps, with a headline rate of 6.09%, a 4% fee and is available up to 75% loan to value.   

The rate on its two-year fixed rate F1 Portfolio Landlord special has been cut by 25bps, this now starts at 6.44% with a 2.5% fee and is also available up to 75% LTV.   

The firm’s F1 BTL fixed-rate specials are down by 20bps, these now start at 6.79%.   

Rates on its F2 BTL fixed-rate specials have fallen by 10bps, now starting at 6.94%, while the fixed-rate F2 houses in multiple occupation specials have come down by 5%bps and now start at 7.04%.  

Among its owner-occupier specials range, rates have been cut by up to 25bps on Foundation’s F1 and F2 fixed-rate deals over two and five years. F1 fixed-rate specials start from 6.84% and F2 fixed-rate specials start from 6.99%.  

Foundation Home Loans director of product and marketing Tom Jacob says: “Enquiry and engagement levels have remained strong at the more professional end of the landlord spectrum throughout the many ups and downs experienced over the course of 2023, and this is an area which will dominate the BTL sector going forward.”  

The firm adds that its current service levels continue to average turnaround times of one day for decision-in-principle referral, application and underwriter review for all cases.