Foundation Home Loans has reintroduced large loan, early remortgage and short-term let products withdrawn during lockdown.
The intermediary-only specialist lender has also introduced a number of rate reductions of up to 40 basis points across its five-year buy-to-let products for both individuals and limited company borrowers.
Rates on large loan mortgages start at 3.29 per cent for a five-year fixed rate at 65 per cent for F1 clients, i.e. those with an almost clean credit history.
Early remortgage rates start at 3.65 per cent for a five-year fix up to 75 per cent LTV and short-term let deals are available from 3.99 per cent for a two-year fix and 4.64 per cent for a five-year fix up to 75 per cent LTV.
The lender had advised brokers that it would be pulling products to reprice yesterday evening.
Foundation Home Loans director of marketing Jeff Knight (pictured) says: “It’s fair to say that the buy-to-let market is in a different place to where it was at the start of the year, but with each week we are marking that return to a ‘new normal’ and we are offering our adviser partners access to a wide range of products for their clients.
“We’ve seen a strong demand from intermediaries who say there are many landlords who want to make the most of the opportunity, refinancing in order to fund future purchases, and looking at diversification of their portfolios. These products will allow them to do that, and we are particularly pleased to be back in the short-term let space as we believe there will be a growing demand to utilise these properties, particularly in the holiday sector.”
