According to the lender, five-year fixed rates start at 2.99% up to 65% LTV, with an interest cover ratio of 125% x pay rate for limited companies and 145% for individuals.
Andrew Ferguson, commercial director at Foundation Home Loans, said: “Having listened to our broker network, we have launched a new buy-to-let product with the capacity to take on larger loans as requested. As with our existing products, the ICRs assigned to our new large loan product are no different.”
