Intermediary-only specialist lender, Foundation, has announced new buy-to-let rates with the launch of a Special products range, adding two- and five-year fixed options at 80% LTV across its F1, Standard HMO and MUFB products.
The lender designed the new products to broaden choice for brokers and their landlord clients. They combine competitive rates with higher product fees, sitting alongside Foundation's existing 80% and 85% LTV fee-free options rather than replacing them. The expanded range gives intermediaries more flexibility when sourcing the right solution for individual client needs.
The new rates break down as follows:
- F1 Special products at 80% LTV: a two-year fixed rate of 5.09% (3% fee) or a five-year fixed rate of 5.69% (4% fee)
- Standard HMO Special products at 80% LTV: a two-year fixed rate of 5.19% (3% fee) or a five-year fixed rate of 5.79% (4% fee)
- MUFB Special products at 80% LTV: a two-year fixed rate of 5.29% (3% fee) or a five-year fixed rate of 5.89% (4% fee), available on MUFBs of up to six units
"We continue to be committed to ensuring our products and pricing remain relevant and competitive for brokers and their landlord clients," said Grant Hendry, director of sales at Foundation (pictured).
"These new additions strengthen our specialist buy-to-let proposition, providing lower-rate options across our F1, Standard HMO and MUFB ranges at 80% LTV. As landlords continue to look for ways to maximise yields from specialist property types, it's important that we offer a range of solutions to meet different needs.
"By introducing both two- and five-year fixed rate options, we're giving intermediaries greater flexibility and more choice when recommending the most appropriate product for their clients. Combined with our existing fee-free products, this latest launch further enhances the breadth of options available to brokers in the specialist buy-to-let market."
