‘Buy to Let by Foundation’, the buy-to-let brand of specialist lender, Foundation Home Loans, has announced that it has lowered pricing by up to 30bps on a range of fixed-rate specials.
The revised Specials are available in both F1 – for clients with an almost clean credit history – and F2 – for clients financing a more specialist property type– tiers.
Following the changes, F1 products for portfolio landlords now include five-year fixed rates reduced by up to 0.30% with a 6% fee; rates starting from 4.89% up to 75% LTV.
Additionally, F1 portfolio landlord fee-assisted five-year fixed rates have been reduced by up to 0.30% with a 5% fee; rates starting from 5.09% up to 75% LTV.
F1 two-year fixed rates have been reduced by up to 0.25% with a 4% fee; with rates starting from 4.49% up to 75% LTV and F2 HMO two- and five-year fixed rates have been reduced by up to 0.30% with a 3% fee; rates starting from 4.99% up to 75% LTV.
Finally, F2 multi-unit freehold block two- and five-year fixed rates were reduced by up to 0.30% with a 3% fee; rates starting from 5.09% up to 75% LTV
The revamped Specials follows last week’s new product launch from ‘Buy to Let by Foundation’ – a Limited Edition F1 five-year fixed-rate, offered up to 75% LTV with a rate of 5.94% and a 1% fee. It also comes with a free standard valuation and no application fee.
