According to the lender, the new rates are:
• BTL F1 65% LTV now at 3.19%, down from 3.29%
• BTL F1 75% LTV now at 3.35%, down from 3.45%
• BTL F2 65% LTV now at 3.34%, down from 3.39%
• BTL F2 75% LTV now at 3.49%, down from 3.55%
Rates changes have also taken place on Foundation’s five-year remortgage special, which also includes a free standard valuation and £250 cashback upon completion.
All Foundation’s products are available via its distributor network including all mortgage clubs, networks and key packagers.
Jeff Knight, Director of Marketing at Foundation Home Loans, said: “We are always looking at ways to support a range of landlord needs, and this raft of rate reductions will offer them access to even more competitive BTL deals across the 65-75% LTV bands.
In the current climate, many landlords are looking for stronger levels of payment security – coupled with an array of options and a certain degree of flexibility where possible. The demand for five-year fixed rate deals continues to rise and, here at Foundation Home Loans, we will continue positioning ourselves at the forefront of the BTL lending landscape to help all landlord clients bolster or better manage their portfolios.”
