"By significantly reducing rates across property types such as HMOs, MUFBs, Short Term Lets, and for expat borrowers, we’re giving advisers even more tools to meet the unique and varied needs of their landlord clients"
- Tom Jacob - Foundation Home Loans
Intermediary-only specialist lender, Foundation Home Loans, has announced that it has refreshed its buy-to-let product range with significant rate reductions across several property types, effective immediately.
The update, which impacts both core and specialist ranges, includes cuts of up to 0.55% on products for properties that fall outside standard lending criteria. This includes homes in multiple occupation, multi-unit freehold blocks, short-term lets, and expat borrowing.
These changes apply to a variety of borrower profiles, including:
Limited Edition HMO: A five-year fixed-rate at 75% loan-to-value (LTV), reduced by 0.20% to 5.64%, with a £2,995 fee and a minimum loan size of £150k.
Standard HMO: Two- and five-year fixed rates, up to 75% LTV, reduced by up to 0.40%, with rates starting from 5.74% and a 2% fee.
MUFB: Two- and five-year fixed rates, up to 75% LTV, reduced by up to 0.55%, starting from 5.84%, with a 2% fee.
Short Term Let: Two- and five-year fixed rates at 75% LTV, reduced by up to 0.35%, starting from 6.19%, with a 2% fee.
Expat: Two- and five-year fixed rates at 75% LTV, reduced by up to 0.45%, starting from 5.89%.
Core F1 and F2: For clients with almost clean credit history (F1) or those with some historical blips (F2), two- and five-year fixed rates up to 80% LTV are reduced by up to 0.35%, with rates now starting from 5.49%.
Additionally, Foundation has refreshed its Buy to Let Specials range, with reductions, including:
F1: Two- and five-year fixed rates at 65% and 75% LTV, reduced by up to 0.15%, starting from 4.09%, with a 4% fee.
Portfolio Landlord: Five-year fixed rates, both 65% and 75% LTV, now starting from 4.79%.
HMO: Two-year fixed rate at 75% LTV, reduced by 0.10%, starting at 4.64%, with a 4% fee.
MUFB: Five-year fixed rate at 75% LTV, reduced by 0.10%, starting from 5.49%, with a 4% fee.
These rate reductions come alongside the introduction of Foundation’s Property Plus and HMO Plus product ranges, specifically designed for properties outside standard lending criteria, such as those with multiple kitchens, smaller unit sizes, or non-standard construction types.
“This latest refresh demonstrates the breadth and depth of our commitment to the specialist buy-to-let sector," explained FHL's director of product and proposition, Tom Jacob. "By significantly reducing rates across property types such as HMOs, MUFBs, Short Term Lets, and for expat borrowers, we’re giving advisers even more tools to meet the unique and varied needs of their landlord clients. Whether it’s an experienced portfolio landlord or someone entering the market with a non-standard property, our range is built to support them with tailored solutions and competitive pricing.
He added, “We’ve also kept a sharp focus on service because we understand that in specialist lending, time matters. Our average turnaround times, including DIP decisions, case reviews, and underwriter assessments, are all within one working day, meaning advisers can rely on us not only for a comprehensive product offering but for consistent speed and support from start to finish.”
