Foundation Home Loans

Foundation launches 2.99% five-year BTL rate

Foundation Home Loans (FHL) has introduced a new five-year fixed rate limited-edition offer on its buy-to-let standard range.

The offer – which is available to both individuals and limited companies – has two options: a 2.99% fixed rate with a 2% arrangement fee or a 3.39% fixed rate with a flat fee of £995, both at 65% LTV.

The intermediary specialist lender has also launched a residential product range.

Jeff Knight, marketing director at Foundation Home Loans, said: “These limited-edition products are based on feedback from our intermediary partners, and designed to offer choice with the two five-year fixed rate alternatives.

“With the rental calculation based on the pay rate, these products will be appealing to experienced landlords, including limited companies and those with large portfolios.”

Earlier this week, FHL announced the appointment of Annette Tilbury as its regional area manager for the South East.

FHL has also announced changes to its buy-to-let range with new first-time landlord products.

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