"We promised to start 2024 with a bang and the introduction of such a competitive rate offers yet more positive news for landlords and our intermediary partners"
- Tom Jacob - FHL
Available for both purchase and remortgage purposes, Foundation Home Loans' F1 limited edition five-year BTL fixed rate comes with a headline rate of 5.64% up to 75% LTV and a 1.50% fee. This follows the December repricing of selected products across the specialist lender’s core buy-to-let range with rate reductions of up to 0.20%.
Foundation’s current service levels continue to average turnaround times of one day for DIP referral, application and underwriter review for all cases.
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said: “We promised to start 2024 with a bang and the introduction of such a competitive rate offers yet more positive news for landlords and our intermediary partners.
“This is a product which further enhances our broad range of competitive rates and fee options across a variety of fixed-rate terms and is likely to be a popular option in what could prove to be an opportunity-laden period for landlords across the UK.”
