"Reducing almost all our rates within both our residential and buy-to-let product ranges ensures brokers and their clients can access strong and competitive pricing"
- Grant Hendry - Foundation
Foundation has cut buy-to-let mortgage rates by up to 25 basis points and launched new limited edition residential remortgage products, with pricing across its buy-to-let range now starting at 5.14%.
The intermediary-only specialist lender introduced two new F1 residential remortgage-only products at 65% LTV, available on two- and five-year fixed-rate terms. The two-year fix is priced at 6.09% and the five-year at 6.24%. Both come with a £595 fee, a free standard valuation, and no application fee.
"We've moved quickly to reflect the recent improvement in market conditions," said Grant Hendry, director of sales at Foundation. "Reducing almost all our rates within both our residential and buy-to-let product ranges ensures brokers and their clients can access strong and competitive pricing."
The limited edition products are designed to reduce upfront costs and simplify the process for specialist residential remortgage customers. Alongside the launch, Foundation cut selected rates across its wider residential range by 20 bps, covering fixed rates for purchasers and remortgages, remortgage-only deals with cashback or fee-assisted legals, and its Key Worker, EPC Saver, and Joint Borrower Sole Proprietor options.
"The launch of our Limited Edition residential remortgage-only products is particularly important," Hendry added. "These offer a simple, excellent value solution with low upfront costs, which we know is a key priority for many borrowers at the moment."
The buy-to-let rate reductions span almost the entire range and cover F1, F2, and F3 products across standard, HMO, large HMO, MUFB, short-term let, holiday let, expat, and Property Plus categories. Foundation said the changes reflected a consistent approach to pricing and its focus on delivering certainty and value for brokers, whether placing standard or complex specialist cases.
"The wider reductions of up to 25 basis points across buy-to-let and up to 20 basis points across residential mean advisers have a strong set of options across the board, whether they're working on straightforward cases or more complex specialist scenarios," he said.
"As a specialist lender, our focus remains on providing clarity, consistency and products that work in the real world, and this latest set of changes reflects that."
