Foundation boosts range, launches specialist products

Keys, buy to let, landlord, BTL
Foundation Home Loans has expanded its buy-to-let range and launched specialist products for first-time landlords and HMO borrowers.
This range of eight new buy-to-let deals all have a standard fee of £1,995.
Rates start at 3.45 per cent for a standard two-year fixed rate deal, at 65 per cent LTV.
This rises to 3.89 per cent for those looking for a five-year fixed rate deal at 75 per cent LTV.
In its specialist range, rates start at 4.39 per cent for a two-year fix at 65 per cent LTV. Those wanting a longer five-year fix at 75 per cent LTV will pay 4.69 per cent.
First-time landlords are being offered a two-year fix at 3.65 per cent on a 65 per cent LTV, and 3.99 per cent for a 75 per cent LTV.
This first-time landlord rate increases to 3.85 per cent and 4.09 per cent for those borrowing 75 per cent of the property’s value.
HMO mortgage deals range from 3.69 per cent to 4.09 per cent depending on the LTV, and length of the fixed-rate period.
Foundation Home Loans marketing director Jeff Knight says: “These new products, combined with our existing suites will provide a much broader choice for intermediaries and their landlord clients.
“All our products are available to both individuals and limited companies.”
Foundation Home Loans works exclusively through intermediaries.


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