Finance

Foundation launch buy-to-let flat-fee limited edition range

Property Reporter
|
10th September 2021
To Let 733

Intermediary-only specialist lender, Foundation Home Loans, has announced that it has launched a new range of limited edition buy-to-let products for both individual and limited company landlord borrowers.

The new buy-to-let limited editions are available for both purchase and remortgage and are offered to individual and limited company landlords. The 75% LTV two-year fixed rate is available at 2.94%, while the five-year option is available at 3.14%. Each product comes with a flat fee of £1,995 and there is no minimum loan size.

Alongside the new buy-to-let products, new owner-occupier remortgage limited editions have also been launched.

According to the lender, the 75% LTV owner-occupier remortgage products have two- and five-year options, priced at 3.19% and 3.49% respectively, available on a capital and interest basis, with a minimum loan size of £200k. There are no product or application fees, and they come with a free standard valuation.

George Gee, Commercial Director at Foundation Home Loans, said: “There is growing interest in those products which can keep the upfront costs to a minimum for borrowers, so we are very pleased to be able to offer this new F1 limited edition range, which comes with no fees at all for remortgaging owner-occupiers and flat product fees for landlord borrowers, both individual and limited company.

“With highly competitive interest rates we believe these new limited editions will provide advisers with a set of options to fit a number of client demographics.

“The flat fee option for landlords also means these buy-to-let limited editions are highly competitive on total cost and will interest landlords who specifically want larger loan amounts.

“Foundation is committed to both the specialist residential and buy-to-let market and we want to work with advisers and their clients to find the most suitable product options in a highly competitive market.”

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