"With markets continuing to ease over the past few days, we're maintaining our ongoing commitment to cutting rates where possible, and also launching new products specifically across higher-yielding property types, such as Large HMOs and Short Term Lets"
- Grant Hendry - Foundation.
Foundation has launched new specialist products for Large HMO and Short-Term Let properties and cut fixed-rates across several of its Standard, HMO and MUFB ranges, with the changes taking effect from today, 22 April 2026.
The intermediary-only specialist lender's new Large HMO products include a two-year fixed-rate at 5.29% with a 3% fee, and a five-year fixed-rate at 5.99% with a 4% fee. The Short-Term Let range adds a two-year fix at 5.19% (3% fee) and a five-year fix at 5.89% (4% fee).
Foundation said both product types target growing areas of the buy-to-let market where landlords are seeking higher yields, with two- and five-year options giving brokers and their clients greater flexibility across these distinct property types.
The rate cuts span several ranges. Standard HMO products have seen the two-year fix (3% fee) fall by 0.25% from 5.24% to 4.99%, while the five-year fix (4% fee) dropped by 0.10% from 5.79% to 5.69%. MUFB two-year fixes have been reduced from 5.34% to 5.09%, with the five-year fix moving from 5.89% to 5.79%.
Within Foundation's Standard buy-to-let range for F1 borrowers, those with an almost clean credit history, the two-year fix (3% fee) has been cut to 4.89% and the five-year fix (4% fee) to 5.59%.
The lender has also reintroduced its F1 First-time Buyer/First-time Landlord product, a five-year fix at 6.54% with a 1.5% fee, designed to support new landlords making their first move into property investment without existing property ownership.
The latest changes follow Foundation's launch last week of new Limited Edition residential remortgage products and cuts across a broad range of its residential and buy-to-let mortgages.
"With markets continuing to ease over the past few days, we're maintaining our ongoing commitment to cutting rates where possible, and also launching new products specifically across higher-yielding property types, such as Large HMOs and Short Term Lets," said Grant Hendry, director of sales at Foundation.
"Landlord borrowers continue to seek product options for these types of properties as they look for improved yield, so we're pleased to be able to offer both two- and five-year fixed-rate options," he continued.
Hendry also highlighted the reintroduced first-time landlord product. "We're able to introduce our product specifically for new landlords who are just starting out on their investment journey and who don't own a property. We try not to forget that while established landlords make up the bulk of the market, there are those who need finance in order to begin investment, and this product is designed to do this."
On the broader direction of the range, he added, "Following the changes we introduced last week, we believe we're continuing to offer a variety of options to help brokers and their landlord clients. We'll continue to monitor the market situation and act both appropriately and responsibly, while maintaining the depth and breadth of our overall buy-to-let offering."
