Foundation has announced a broad set of rate reductions and new products across its specialist buy-to-let range, with cuts of up to 0.30%.
The changes apply to a large proportion of Foundation’s specialist buy-to-let offering covering standard and large HMOs, plus MUFBs, which have seen rates cut by up to 30bps and now start at 4.24%.
The lender has also introduced new two and five-year fixed rate 3% fee products at 65%, 75% and 80% LTV for both standard HMO and MUFB properties.
Short term lets and holiday let products have also seen rates reduced by up to 15bps, now starting at 5.99%.
Rates on F3 products – for clients with more recent credit blips – have also been cut by 30bps, with both the two and five-year fixed rate with a 2% fee now available at 6.54% and 6.34% respectively.
Foundation has also introduced two new fixed rate products for expat borrowers. Both are for F1 borrowers - for clients with an almost clean credit history – with both 65% and 75% LTV options. A two-year fixed rate is available from 4.39% with a 3% fee and a five-year fix starts at 5.09% with a 4% fee.
Rates have also been cut on the lender’s property plus, HMO plus, STL plus, MPOTs, mixed use and mixed use expat products.
Grant Hendry, director of sales at Foundation, said: “Specialist buy-to-let remains a core focus for us and these latest rate cuts underline our commitment to supporting brokers across a wide range of cases. By reducing pricing across many of our specialist products, we’re reinforcing both the breadth of our range and our reliability as a lending partner in a market where brokers and their clients need options they can trust.
“Our proposition is built around flexibility. From HMOs and MUFBs to short term lets, holiday lets and mixed use, we aim to give brokers products that work for real-world scenarios. This combination of lower rates and new fixed rate options at different LTVs gives brokers more control when placing business for their landlord clients.
“We’ve also maintained a strong focus on borrowers who are often underserved. Making improvements in these areas reflects our day-to-day experience of broker demand and our view that specialist lending should remain accessible, consistent and well-priced.
“These changes come at a time when brokers value certainty from their lenders. Alongside our refreshed brand, this announcement reinforces what brokers can expect from Foundation. A wide product range, dependable lending decisions and the flexibility to support specialist buy to let cases with confidence.”
