The offer is aimed at experienced landlords with two options: a 2.99% fixed rate with a 2% arrangement fee or a 3.39% fixed rate with a flat fee of £995, both at 65% LTV.
Foundation Home Loans is a specialist lender, available only through intermediaries and designed for clients with more complex needs. It has also now launched its residential product range in addition to its established buy-to-let proposition.
Jeff Knight, Marketing Director, Foundation Home Loans, said: “These Limited Edition products are based on feedback from our intermediary partners, and designed to offer choice with the two 5 Year Fixed rate alternatives. With the rental calculation based on the pay rate, these products will be appealing to experienced landlords, including Limited Companies and those with large portfolios.”
