"We’ll continue to look regularly at what we can offer in the buy-to-let space and continue to support advisers who have landlord clients with more complex and specialist needs"
According to the lender, the new products are aimed at clients with an almost clean credit history and will be available for both purchase and remortgage, and for both individual and limited company borrowers. The new products cover both two- and five-year fixed-rate terms.
The two-year fix, available up to 75% LTV, comes with a rate of 5.94% and a product fee of £1,995, while the five-year fix, also available up to 75% LTV, comes with a rate of 5.59% and a product fee of £4,995 - both products carry a maximum loan amount of £1.5 million.
George Gee, Managing Director (Commercial) at Foundation Home Loans, (pictured) said: “Foundation is always looking at product options for landlord borrowers, particularly when it comes to fixed rates where customers are able to be crystal clear on their monthly mortgage payment amounts, in this case, over a two- or five-year period.
"With these Limited Edition specials, we’ve been able to offer competitive fixes with a fixed product fee, which will help manage upfront costs while also helping some landlords in terms of any affordability challenges they might be having. We’ll continue to look regularly at what we can offer in the buy-to-let space and continue to support advisers who have landlord clients with more complex and specialist needs.”
