"Enquiry and engagement levels have remained strong at the more professional end of the landlord spectrum throughout the many ups and downs experienced over the course of 2023"
Foundation Home Loans has refreshed its residential and buy-to-let 'specials’ product range with rate reductions of up to 0.35%.
For buy-to-let, Foundation has reduced its five-year fixed rate F1 portfolio landlord special by 0.35%. This now comes with a headline rate of 6.09%, a 4% fee and is available up to 75% LTV. The rate on the two-year fixed rate F1 portfolio landlord special has been cut by 0.25%, now starting at 6.44% with a 2.5% fee up to 75% LTV.
In addition, the lender’s F1 buy-to-let fixed rate specials have seen a reduction of 0.20% and now start at 6.79%. Rates on the F2 buy-to-let fixed rate specials have fallen by 0.10%, now starting at 6.94%, while the fixed rate F2 HMO specials have come down by 0.05% and now start at 7.04%.
In the residential specials range, rates have been cut by up to 0.25% on Foundation’s F1 and F2 fixed rate specials over two and five years. F1 fixed rate specials now start from 6.84% and F2 fixed rate specials now start from 6.99%.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “Enquiry and engagement levels have remained strong at the more professional end of the landlord spectrum throughout the many ups and downs experienced over the course of 2023, and this is an area which will dominate the buy-to-let sector going forward.
“As such, we expect these latest rate reductions to prove extremely popular with portfolio landlords who are looking to take advantage of opportunities which continue to present themselves across the buy-to-let sector.”
