"We've moved quickly to respond to changes in the market and continue to try and make sure brokers have access to a strong and relevant set of options for their landlord clients"
- Grant Hendry - Foundation
Intermediary-only specialist lender, Foundation, has relaunched a number of buy-to-let mortgage products withdrawn earlier this year, alongside rate cuts on its MUFB and holiday let products, effective from 13 May 2026.
Central to the relaunch is the return of the lender's ERC3 five-year fixed-rate product, which carries early repayment charges for only three of the five-year term. Five new products have also been added to the range:
- F1 and F2 remortgage-only, five-year fixed-rate products at 75% LTV, priced at 6.44% and 6.54% respectively. Both include a free standard valuation, £500 cashback and no application fee. The F1 tier is for borrowers with a near-clean credit history; F2 is for those with some historical credit issues.
- The F1 ERC3 five-year fix at 75% LTV, priced at 6.39% with a 1.5% fee.
An F1 EPC Saver five-year fix at 75% LTV, at 6.49% with a 1.25% fee. In partnership with Vibrant Energy Matters, this product helps landlords improve their properties' energy efficiency and includes £1,000 cashback plus a free Vibrant energy-saving audit. - An F2 Short Term Let five-year fix at 75% LTV, priced at 6.74% with a 1.25% fee, plus no application fee and a free standard valuation.
Foundation has also trimmed rates on two existing products. The MUFB five-year fixed rate at 75% LTV has been cut by 0.15% to 6.09%, while the holiday let five-year fixed rate at the same LTV falls by 0.10% to 6.24%. Both carry a £4,995 fee.
The changes follow Foundation's expansion of its buy-to-let range at the start of May, when it brought new green, HMO, MUFB, holiday let and expat options to market.
"We've moved quickly to respond to changes in the market and continue to try and make sure brokers have access to a strong and relevant set of options for their landlord clients," said Grant Hendry, director of sales at Foundation (pictured).
"We think the return of the ERC3 five-year fixed-rate will be particularly welcome. It's a product that has been consistently popular with brokers, especially for landlord clients who want a balance between early repayment flexibility and longer-term certainty.
"At the same time, we've widened our support for specialist property types, including short-term and holiday lets, which remain an important and active part of the market. Alongside this, the rate reductions on our MUFB and holiday let products show our intent to stay competitive and support brokers with cases that can often be more complex to place.
"Overall, this is about giving brokers more choice across both standard and specialist buy-to-let, backed by a proposition that works for the type of landlord business they are writing today."
