Foundation Home Loans cuts buy-to-let rates
Specialist lender Foundation Home Loans has reduced rates on selected 5-year fixed buy-to-let products by up to 0.10%.
The lender has made cuts across its core buy-to-let F1 and F2 product ranges, which apply to both limited company and individual buy-to-let clients.
Within its buy-to-let F1 range at 65% loan-to-value (LTV) the 3.29% rate has been cut to 3.19% and at 75% LTV the 3.45% rate has been decreased to 3.35%.
Jeff Knight (pictured), director of marketing at Foundation Home Loans, said: “We are always looking at ways to support a range of landlord needs, and this raft of rate reductions will offer them access to even more competitive buy-to-let deals across the 65-75% LTV bands.
“In the current climate, many landlords are looking for stronger levels of payment security – coupled with an array of options and a certain degree of flexibility where possible.
“The demand for 5-year fixed rate deals continues to rise and, here at Foundation Home Loans, we will continue positioning ourselves at the forefront of the buy-to-let lending landscape to help all landlord clients bolster or better manage their portfolios.”
Within its buy-to-let F2 range, at 65% the 3.39% rate has been reduced to 3.34% while at 75% LTV the 3.55% rate has been cut to 3.49%.
Rates changes have also taken place on Foundation’s five-year remortgage special, which also includes a free standard valuation and £250 cashback upon completion.
All Foundation’s products are available via its distributor network including all mortgage clubs, networks and key packagers.