3mc launches Foundation buy-to-let exclusive

Distributor 3mc is marketing a buy-to-let exclusive from Foundation Homeloans at 3.49% for a 2-year fix up to 65% loan-to-value for individuals and limited company applications.

The deal will be available through 3mc’s network partner Home Loan Partnership, The Right Mortgage and Protection Network and Sesame and to directly authorised members of the PMS Mortgage Club.

Doug Hall, director of 3mc, said: “It’s great to see that the practice of differential pricing for individual and limited company buy-to-lets is now being kicked into the tall grass and replaced by a single highly competitive rate, such as this exclusive deal from Foundation Homeloans.

“I have no doubt that it will prove to be highly popular with landlords, following the recent changes made to the tax regime for buy-to-let investors.”

The product is available for purchases and remortgaging and comes with a £95 3mc processing fee.

Paul Brett, director of business development at Foundation Homeloans, said: “We’re delighted to be offering this deal exclusively through 3mc. Brokers can be assured they will receive a fast and efficient service.”

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Ryan Fowler is the editor of Specialist Finance Introducer