"A growing number of property investors are recognising that they could achieve better returns on a short-term let than a traditional buy-to-let investment."
Investors can borrow up to 75% LTV on a short-term let with a product that is available to both individuals and limited companies.
Rates start from 2.99% for a two-year fixed rate up to 65% LTV, and at 3.34% for a two-year fixed rate up to 75% LTV. Rates on a five-year fixed rate are available for 3.54% up to 65% LTV and 3.74% up to 75% LTV.
Foundation Home Loans will apply its standard product criteria to the semi-exclusive, including standard rental assessments.
Jeff List, head of buy-to-let at Brightstar Financial, said: “A growing number of property investors are recognising that they could achieve better returns on a short-term let than a traditional buy-to-let investment.
"Standard buy-to-let mortgages are not appropriate for investors in short-term lets as they require an AST to be in place, so it is important that brokers have access to competitive specialist short-term let products to meet this increasing demand.
"This semi-exclusive from Foundation Home Loans is an excellent example of a product that meets a market need and provides brokers with an extra tool to help their landlord clients.”
