The deal, which is the lowest rate ever to be offered by Foundation Homeloans, is also being made available through 3mc’s network partners Home Loan Partnership, The Right Mortgage and Protection Network and Sesame and to directly authorised members of the PMS Mortgage Club.
The product is a 3.49% 2-year fixed rate to 65% LTV, available for purchases & remortgaging (including limited companies), with a £95 3mc processing fee. The product comes with no minimum employment or self-employment period and no minimum personal background period.
Doug Hall, Director of 3mc, said:
“It’s great to see that the practice of differential pricing for individual and limited company buy-to-lets is now being kicked into the tall grass and replaced by a single highly competitive rate, such as this exclusive deal from Foundation Homeloans.
“I have no doubt that it will prove to be highly popular with landlords, following the recent changes made to the tax regime for buy-to-let investors.”
Paul Brett, Director of Business Development at Foundation Homeloans, said:
“We’re delighted to be offering this deal exclusively through 3mc. Brokers can be assured they will receive a fast and efficient service.”
