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.

Recommended

Ying-Tan-700.jpg

MT Finance and LendInvest join Buy to Let Club panel

Buy to Let Club has added MT Finance and LendInvest to its bridging panel. The club’s managing director, Ying Tan, says he is “certain that Buy to Let Club members will greatly appreciate the propositions offered by these two specialist lenders.” The panel expansion has been accompanied by the appointment of a new in-house bridging specialist, […]

House-Home-Property-Ladder-Mortgage-700x450.jpg

Accord Buy to Let launches new fixed rate range

Accord Buy To Let is launching a new fixed-rate range, with some five-year options from 2.99 per cent. The range includes free standard valuations on all loans and the choice of either standard legal fees or £300 cashback on completion. The new products include a 2.99 per cent five-year fixed rate mortgage at 60 per […]

Home-Houses-Different-Mortgage-Rent-700.jpg

Accord Buy to Let cuts rates by up to 0.20%

Accord Buy To Let has cut rates on selected two-year fixed rate mortgages by up to 0.20 per cent. The lender is offering lower rates on two-year fixes at 65 per cent and 75 per cent LTV loans, including fee-free options and added incentives. Remortgaging landlords can now get a two-year fix at 2.44 per […]

Your Views: Accord Buy to Let’s lending policy makes no sense to us at all

Accord Buy to Let’s lending policy makes no sense to us at all Most brokers are well aware that, despite excellent rates, Accord Buy to Let is not the easiest lender to deal with. However, in my opinion its service has plummeted to new depths. I had a client who earned well over £100,000 and […]

Newsletter

News and expert analysis straight to your inbox

Sign up