Intermediary-only specialist lender, Foundation, has launched two buy-to-let remortgage-only products at 75% loan-to-value (LTV) and reduced rates across selected 90% LTV residential products.
The two new F1 Limited Edition buy-to-let products are:
- a two-year fixed remortgage-only product at 75% LTV, with a rate of 4.99%, a 4% fee, one free standard valuation, £250 cashback and no application fee
- a five-year fixed remortgage-only product at 75% LTV, with a rate of 5.84%, a 5% fee, one free standard valuation, £250 cashback and no application fee
On the residential side, Foundation has reduced rates on its F1 two-year and five-year fixed products at 90% LTV by 0.2%, with rates now at 7.09% and 7.29% respectively. Both products are available with no fee.
Rates on the F1 Key Worker two-year and five-year fixed products at 90% LTV have been reduced by up to 0.2%, and now stand at 7.19% and 7.39% respectively. Both are also available with no fee.
"Following a period of greater market stability, we're pleased to be enhancing both our buy-to-let and residential propositions with a range of new product options and rate reductions," said Grant Hendry, director of sales at Foundation (pictured).
"The introduction of our new Limited Edition remortgage-only buy-to-let products provides brokers with even more choice for landlord clients, particularly those looking to remortgage, while our latest residential rate reductions strengthen our support for borrowers purchasing with smaller deposits.
"As market conditions continue to evolve, it's important that we offer competitive solutions backed by the service, flexibility and manual underwriting that brokers value. These latest changes further strengthen our proposition across both buy-to-let and residential lending, helping brokers meet a wider range of client needs and continuing our focus on making mortgages happen."
