This move reflects both ongoing market conditions and continued demand from landlord borrowers for more choice across a range of property types and borrower profiles in particular in the more specialist areas of Buy to Let.
We’ve launched new Property Plus Expat 2 and 5 year products at 75% LTV with rates of 6.39% and 6.49%, both with a 2% fee.
In addition, we’re reducing rates across fixed, fixed Green, HMO and HMO green products. Rates across key F1 products - for clients with an almost clean credit history - have been reduced by up to 0.35%, with rates now starting at 4.59%.
The new rates are as follows:
- F1 2 Year Fixed 75% LTV, reduced by 0.25%, now at a rate of 4.59% with a 3% fee
- F1 5 Year Fixed Green 75% LTV, reduced by 0.35%, now at a rate of 4.99% with a 5% fee, a free standard valuation and no application fee
- F1 5 Year Fixed 75% LTV, reduced by 0.20%, now at a rate of 5.29% with a 4% fee
- F1 2 Year Fixed 65% and 75% LTV, reduced by 0.20% and 0.15%, now at rates of 5.59% and 5.79%, both with a 1% fee
- F1 5 Year Fixed 65% and 75% LTV, reduced by 0.20% and 0.10%, now at rates of 5.69% and 5.89%, both with a 1.5% fee
- HMO Green 5 Year Fixed 75% LTV, reduced by 0.25%, now at a rate of 5.24% with a 4% fee, £500 cashback and no application fee
- HMO 2 Year Fixed 75% LTV, reduced by 0.20% to 4.69% with a 3% fee
- HMO 5 Year Fixed 75% LTV, reduced by 0.20% to 5.44% with a 4% fee
The changes come against a backdrop of continued market volatility, but we remain focused on providing brokers with a broad and flexible product range, allowing them to place a wide variety of landlord cases, from standard Buy to Let through to more specialist Expat scenarios.
These changes are now reflected in our updated Buy to Let Product Guide, which provides full details across standard and specialist products.
Grant Hendry, Director of Sales at Foundation, commented:
“In the current market, brokers need a lender that can offer both consistency and breadth of product, particularly as landlord cases become more varied and often more complex. These latest additions are about making sure brokers have the right options available, whether they are placing standard Buy to Let business or working across more specialist areas such as HMOs.
“We’re also seeing continued interest in Expat borrowing, and it’s important we keep that range competitive while still reflecting wider market movements. At the same time, the rate reductions of various Green products are another step in supporting landlords who have improved existing properties or are targeting more energy-efficient investments from the outset.
“Ultimately, this is about giving brokers clarity and choice. In a market that can move quickly, having a lender that sets out its proposition clearly and maintains a strong spread of products can make a real difference to how efficiently brokers are able to place cases and deliver for their clients.”
