The lender’s changes include rate reductions of up to 50 basis points across its F1 to F4 tiers, up to 15bps rate reductions on green products, the launch of new 90% loan-to-value (LTV) fixed rates, and expanded options for key workers. 

 It has launched F1 two- and five-year fixed rates at 90% LTV, available from 6.54% with a £995 fee and a F1 key worker five-year fixed rate available up to 75% LTV, offered at 5.64% with a £595 fee, free valuation, and no application fee.

Products with rate reductions include F1 key worker two- and five-year fixed rates, which have been lowered by up to 50bps, with rates from 5.59% with a £595 fee, no application fee, and one free standard valuation.

F1 Professionals five-year fixed rates have also been reduced by up to 50bps, now from 5.74% with a £995 fee and a £350 cashback.

In addition F3 two- and five-year fixed rates have been cut by up to 20bps, with rates now starting from 6.09% with a £995 fee and F1 two- and five-year fixed rates have been reduced by 20bps, now starting from 5.39% with a £995 fee.

 Foundation Home Loans director of product and marketing Tom Jacob says: “These changes reflect our ongoing commitment to residential borrowers who don’t quite fit the mainstream mould and we remain focused on delivering a range of specialist solutions, backed by robust underwriting and consistently strong service levels.”