Foundation Home Loans’ buy-to-let (BTL) and residential brands have made rate cuts of up to 0.35%.

Buy to Let by Foundation has announced rate reductions across its Specials range for both F1 and F2 borrowers.

The F1 Special Portfolio Landlord-only rates have been lowered by 0.25% and are available from 4.59% with a 6% fee.

The F2 HMO Special two- and five-year fixed rate has been reduced by 0.35% and 0.25% respectively, and are now available from 4.79% and 5.29%, with a 3% fee.

Other changes include:

• F1 Special Fee-Assisted Portfolio Landlord Only rates reduced by 0.15%, now available from 4.84% with a 5% fee. • F1 Special two-year fixed-rates reduced by 0.35%, now available from both 4.24% – with a 4% fee – and 4.74% – with a 3% fee.

The BTL arm of the business has also revised three F1 Limited Edition products.

A two-year fixed-rate has been reduced by 0.14% to 5.55%, with a 1.25% fee while a new five-year fixed-rate has been introduced with a rate of 5.54%, with a £2,495 flat fee.

In addition, there is a Green ABC+ five-year fixed-rate for properties with an energy performance certificate Level of A-C which has been lowered by 0.05% to 5.34%, with a £4,495 flat fee.

Meanwhile, Residential by Foundation has cut rates on both its F1 and F2 two- and five-year, fee-assisted fixed-rates.

The F1 products have been reduced by up to 0.3% with rates now starting at 5.94%, while the F2 products have also been reduced by up to 0.3%, with rates starting from 6.14%.

These products come with a fee of just £795, and offer a free valuation and no application fee.

Foundation Home Loans director of product and marketing Tom Jacobs says: “Clearly, we are in a period of significant movement when it comes to product rates, and we’re very pleased to be able to announce these rate cuts across our Special and Limited Edition buy-to-let mortgages, as well as a number of residential two- and five-year fixed-rates.”