The limited edition product offers a two-year fixed rate starting at 2.49% with an interest cover ratio of 125% x 5.5% for limited companies and 145% x 5.5% for individuals.
This is the lowest fixed rate product the specialist lender has released and is available to brokers who meet FHL’s standard plus criteria.
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Andrew Ferguson, commercial director at Foundation Home Loans (pictured above), said: “Being able to regularly offer competitive products cements our commitment to our intermediary partners.
“Our new summer special product carries our lowest ever fixed rates, starting at just 2.49%.
“While the market is geared towards five-year fixed rates, we believe that these offer a competitive alternative for landlord clients who prefer a shorter-term option.”
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