FHL announce rate cuts on BTL and Owner-Occupier ‘specials’

The intermediary-only specialist lender has refreshed its buy-to-let and owner-occupier ‘specials’ product range, reducing rates by up to 0.35%.

Related topics:  Landlords,  mortgages,  BTL,  FHL
Property | Reporter
1st August 2023
To Let 855
"We expect these latest rate reductions to prove extremely popular with portfolio landlords who are looking to take advantage of opportunities which continue to present themselves across the BTL sector"

Foundation Home Loans has made a series of enhancements to its buy-to-let and owner-occupier ranges. For buy-to-let, the lender has reduced its five-year fixed rate F1 Portfolio Landlord special by 0.35%. This now comes with a headline rate of 6.09%, a 4% fee and is available up to 75% LTV.

The rate on the two-year fixed rate F1 Portfolio Landlord special has been cut by 0.25%, this now starts at 6.44% with a 2.5% fee and is also available up to 75% LTV.

In addition, Foundation’s F1 BTL fixed rate specials have seen a reduction of 0.20%, these now start at 6.79%. Rates on the F2 BTL fixed rate specials have fallen by 0.10%, now starting at 6.94%, while the fixed rate F2 HMO specials have come down by 0.05% and now start at 7.04%.

On the owner-occupier specials product range, rates have been cut by up to 0.25% on F1 and F2 fixed rate specials over two and five years. F1 fixed rate specials now start from 6.84% and F2 fixed rate specials now start from 6.99%.

Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said: “Enquiry and engagement levels have remained strong at the more professional end of the landlord spectrum throughout the many ups and downs experienced over the course of 2023, and this is an area which will dominate the BTL sector going forward.

“As such, we expect these latest rate reductions to prove extremely popular with portfolio landlords who are looking to take advantage of opportunities which continue to present themselves across the BTL sector.”

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