Foundation Home Loans has made a number of improvements to its buy-to-let (BTL) line up, including cutting product fees and adding new offerings.

The fee cuts take place on the F1 fee-assisted range, where the 75% LTV two- and five-year fixes, at 3.29% and 3.39%, respectively, have had their fees cut from £1,495 to £495.

The new products consist of an 80% LTV two-year fix at 3.79% and a five-year fix at 3.99% with a flat £495 fee also.

Both are available for purchase and remortgage, charge no application fee and come with a free standard valuation.

Foundation has also brought out a series of limited edition specialist BTL products for houses in multiple occupation (HMO) and short-term lets.

These are available at up to 75% LTV as two- and five-year fixes, starting at 3.44% and 3.64% for HMOs and 3.79% and 4.14% for short-term lets. All of these come with a £495 product fee as well.

Regarding the latter of these new products, Foundation managing director of commercial George Gee says: “These specialist property types are becoming more popular so this should help a much wider range of landlords with those immediate costs, and with the added benefit of no application fee and a free standard valuation, this should make a significant difference to landlords’ upfront outlay, whether they are purchasing or remortgaging.”