These new products are designed to broaden choice for brokers and landlord clients, the new products offer competitive rates alongside higher product fees, providing an alternative to our existing 80% and 85% LTV fee-free options.
The expanded range gives intermediaries greater flexibility when sourcing the most suitable solution for their clients' needs.
The new F1 Special products at 80% LTV include a two-year fixed rate at 5.09% (with a 3% fee) and a five-year fixed rate at 5.69% (with a 4% fee).
The new F2 HMO Special products at 80% LTV include a two-year fixed rate at 5.19% (with a 3% fee) and a five-year fixed rate at 5.79% (with a 4% fee).
The new F2 MUFB Special products at 80% LTV, include a two-year fixed rate at 5.29% (with a 3% fee) and a five-year fixed rate at 5.89% (with a 4% fee). Note: these special products are only available on MUFBs for up to a maximum of 6 units.
Grant Hendry, Director of Sales at Foundation, commented:
“We continue to be committed to ensuring our products and pricing remain relevant and competitive for brokers and their landlord clients.
“These new additions strengthen our specialist buy to let proposition, providing lower-rate options across our F1, Standard HMO and MUFB ranges at 80% LTV. As landlords continue to look for ways to maximise yields from specialist property types, it's important that we offer a range of solutions to meet different needs.
“By introducing both two- and five-year fixed rate options, we're giving intermediaries greater flexibility and more choice when recommending the most appropriate product for their clients. Combined with our existing fee-free products, this latest launch further enhances the breadth of options available to brokers in the specialist buy to let market.”
To see how Foundation can support you in making mortgages happen, speak to your Regional Account Manager today.
For intermediaries only
