Foundation launches remortgage products

Foundation Home Loans has announced the launch of two remortgage products.

The deals are a 65 per cent LTV five-year fix at 3.59 per cent, and a 75 per cent LTV five-year fix at 3.89 per cent.

Both products are for portfolio landlords, limited companies and individuals.

In addition, the two offerings have a £2,995 fee, free standard valuations, £250 cashback, and tapered ERCs declining from 5 per cent to 1 per cent.

The products are available through the lender’s mortgage clubs, networks and key packagers.

Foundation Home Loans director of marketing Jeff Knight says: “Our underwriters are able to help our intermediary partners with complex buy-to-lets, HMOs, multi-unit blocks, limited company and portfolio landlord customers.

“We are seeing huge interest in this area of the market and will continue to develop our proposition to meet the needs of our intermediary partners and their clients in this product area.”

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