"We are confident these rates will give landlords an alternative solution to two and five-year deals, particularly as there is a real lack of three-year rates in the market."
The limited-edition products are available for limited company and individual borrowers who fit the Standard Plus criteria by having clean credit records, or are financing a HMO or multi-unit block.
Rates start at 3.19% with a 1% arrangement fee and an interest cover ratio of 125% x 5.5% for limited companies and 145% x 5.5% for individuals.
Andrew Ferguson, commercial director at Foundation Home Loans, said: “With ongoing uncertainty in the market and the full effect of the BTL tax changes materialising in 2021, we are confident these rates will give landlords an alternative solution to two and five-year deals, particularly as there is a real lack of three-year rates in the market.
"The products cater for all property types and have a competitive fee. We also believe that these rates will be popular amongst limited company clients, where we have been seeing an increase in demand.”
