Rate cuts have been made across product options for the lender’s three core buy-to-let tiers, including for borrowers with credit rating blips. Changes have been made to two and five year products, as well as those in the lender's 'green' range.
‘Buy to Let by Foundation’ has also made rate cuts to a range of other products including fee-assisted remortgage only, Energy Performance Certificate (EPC) Saver – which comes with one free EPC plus £1,000 cashback, HMO Fee Assisted, and Short-Term Lets including fee-Assisted options.
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“These rate cuts to our core buy-to-let product offering cover all our borrower tiers and vast array of the many product options we offer, including Limited Edition mortgages, and sector-specific ones such as HMOs, Holiday Lets, and Short-Term Lets.
“It’s important advisers have access to the widest possible range of product solutions for their clients as each individual property/borrower need is different, and increasingly borrowers are seeking out specific property types which have a greater opportunity to make a higher yield.
“These rate cuts are significant, up to 50 basis points in some cases, and we have also made fee reductions, notably on our HMO Limited Edition five-year fix which has been cut by £2,000.
“Overall, we believe this is a highly-competitive buy-to-let product range with a wide variety of options available to all kinds of landlord borrowers, and we are keen to work with advisers and their clients in order to find the right solutions, and to explore how we can support their advice propositions in this highly important sector.”
