Foundation Home Loans

Foundation Home Loans refreshes BTL range

Foundation Home Loans has revamped its BTL suite.

The lender has reduced the rate for its two-year fix at 65% LTV by 15 basis points, which is now available at 2.74%.

Foundation has also cut rates across its small/standard HMO and large HMO/MUB products by up to 20 basis points, and across its short-term let options by up to 30 basis points.

In addition, the lender has introduced a new 65% LTV five-year fixed option to its HMO/MUB large loan range, which is priced at 2.94% and comes with a flat fee of £3.995.

George Gee, commercial director at Foundation Home Loans, said: “For us, 2022 is all about improving customer choice and providing advisers and their clients with a wide range of product pricing options that are going to ensure more borrowers get the mortgage finance they need.

“In BTL, we are improving choice for advisers and their landlord clients in what we believe will be a strong year for the sector, both for purchase and remortgage activity. 

“Again, we have made rate reductions, bringing many standard products in our F1 range below 3%. 

“Collectively, this is a significant product refresh for Foundation, which we believe offers many more options to advisers with BTL clients, and hopefully provides them with the range and service they need to make a strong start to the year.”

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