Foundation Home Loans reduces rates on BTL standard range

Foundation Home Loans has reduced rates on its 2, 3 and 5 year fixed-rate buy-to-let standard range by up to 30bps making them ‘the most competitive they have been’.

The loans from the specialist lender are available to both individual landlords and limited companies.

The new rates are as follows:

Fixed Product Max LTV New Rate Old Rate
2 year 65% 2.99% 3.19%
75% 3.19% 3.39%
3 year 65% 3.19% 3.39%
75% 3.39% 3.59%
5 year 65% 3.29% 3.59%
75% 3.59% 3.79%

Foundation Home Loans’ products are available through intermediaries – its standard range is intended for clients with cleaner credit records, while the specialist range is for clients with more recent blips.

Foundation Home Loans marketing director Jeff Knight (pictured) says: “The result of the general election, Brexit negotiations and, closer to home, ongoing tax changes, leaves brokers and their clients facing yet more uncertainty.

“We want to ensure we are providing some clarity with our highly competitive fixed rate options and a transparent rental calculation. These products are designed for individuals and Limited Companies, including those clients with portfolios who wish to remortgage in advance of the PRA change in September.”