Changes include fee cuts, the introduction of an 80% LTV product, and limited-edition specialist fee-assisted products

Fees for its two- and five-year fixed rates in the BTL F1 fee-assisted product range at 75% LTV have been cut by £1,000 to £495.

Rates are now 3.29% for a two-year fix, and 3.39% for five years.

In addition, the lender has launched new 80% LTV fee-assisted F1 products, also with a flat £495 fee, with a rate of 3.79% for a two-year fix and 3.99% for five.

The offering is available for both purchase and remortgage, has no application fee, and one free standard valuation.

The business has also launched limited-edition specialist property fee-assisted products for landlords purchasing or remortgaging an HMO (up to six occupants) or a short-term let property.

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“Upfront costs play a significant role in landlord finance decisions, and Foundation is acutely aware of the difference fee-assisted products can make in this regard,” said George Gee, managing director of commercial at Foundation.

“Specialist property types are becoming more popular, so this should help a much wider range of landlords with those immediate costs and, with the added benefit of no application fee and a free standard valuation, this should make a significant difference to landlords’ upfront outlay, whether they are purchasing or remortgaging.”

The changes to its fee-assisted range follow Foundation’s recent expansion of its green BTL and expat ranges.