The refresh delivers enhanced pricing across our buy to let range, alongside improvements to lending criteria intended to provide brokers with greater flexibility when supporting landlord clients. The changes underline our commitment to offering competitive specialist solutions for a broad spectrum of borrower circumstances, property types and portfolio requirements.
Among the changes today are:
· Selected F1 Buy to Let standard products reduced by up to 0.25% including ERC3 and Remortgage only options
· Majority of standard HMO rates reduced by up to 0.25%
· All MUFB rates reduced by up to 0.25%
· All Short term and Holiday Let rates reduced by up to 0.20%
· Majority of Expat rates reduced by up to 0.20%
· All Property Plus rates reduced by 0.10%
In addition to these rate reductions, we’ve reduced our minimum Buy to Let property value to £70,000. For properties valued between £70,000 and £75,000, the maximum available LTV is 75%.
The rate reductions and criteria enhancements reinforce our commitment to supporting a broad range of landlord circumstances, property types and borrower profiles, while ensuring brokers have access to a wider selection of competitive specialist lending solutions.
Grant Hendry, Director of Sales at Foundation, commented:
"This significant buy to let refresh reflects our determination to provide brokers with both greater choice and stronger pricing across a wide range of landlord scenarios.
"We have reduced rates across almost the entire Buy to Let range. Combined with reducing our minimum Buy to Let property value to £70,000, these changes provide brokers with more ways to support their landlord clients.
"Several products now sit in highly competitive positions within the market, including products that are at or near the top of the sourcing tables in their respective categories. As a specialist lender, our focus remains on responding quickly to market opportunities and ensuring advisers have access to solutions that meet the diverse needs of today's landlords, whether they are purchasing, remortgaging, expanding portfolios or investing in more specialist property types."
For intermediaries only
