"As advisers with HMO landlord clients will know, valuations for these types of properties can be expensive so this should be a considerable saving for clients from the outset"
- Tom Jacob - FHL
The new HMO products each come with a 1.25% fee, free valuation, no application fee, and are available up to 75% LTV. The two-year fix has a rate of 6.69%, while the five-year fix is available at 6.39%.
FHL has also released new F1 standard buy-to-let products. The two-year fixes start at 6.39% and five-year fixes start at 5.94%. Each comes with a 1.5% fee and is aimed at clients with an almost clean credit history.
Green ABC+ five-year buy-to-let fixes – for portfolio and non-portfolio landlords improving the energy efficiency of their properties – are also available for F1 clients at 5.99% and F2 clients at 6.14%.
All rates on Foundation’s Buy-to-Let Specials Range remain unchanged, including the F1 five-year fixed rates from 4.79% and the fee-assisted products for portfolio landlords only from 5.09%; and two- and five-year fixed rates for HMOs.
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said: “We’re very pleased to be able to launch these brand new, fee-assisted HMO products within Buy to Let by Foundation, particularly as they also come with no application fee and one free standard valuation. As advisers with HMO landlord clients will know, valuations for these types of properties can be expensive so this should be a considerable saving for clients from the outset.
“We continue to offer a strong range of both standard buy-to-let products while our Specials range for landlords remains at the same pricing as when we launched them in January, offering highly competitive rates for those clients seeking to either refinance their properties or purchase in order to add to their portfolios.
“At Foundation we are seeing strong ongoing landlord appetite and activity, and we’re here to work closely with advisers and their clients to ensure they get the right finance at competitive rates.”
