Foundation Home Loans has refreshed its buy-to-let specials range with improvements to its loan sizes, new products, and price cuts.
Loan sizes have been increased to £3m at 65% LTV and £5m by exception, £3m at 70% LTV, £2m at 75% LTV, and £750,000 at 80% LTV. The increased loan limits apply to standard properties, not HMOs/MUBs or short term lets, which remain at £1m up to 75% LTV.
Alongside the loan size enhancements, Foundation has introduced new 80% LTV buy-to-let special options, broadening its support for landlords who are looking to maximise leverage or require higher gearing for investment purposes. At this new tier, loan sizes are available up to £750,000, with HMOs and MUFBs also now eligible.
The specials buy-to-let range now includes F1 two-year fixes from 3.89% at 65% LTV, with new options at both 70% and 80% LTV, and a 4% fee.
New F1 five-year fixes have launched from 4.74%, with a 6% fee at 65-75% LTV and a 4% fee at 80% LTV.
F2 HMO two-year fixed-rates have reduced by 10 basis points, starting from 4.44%, and are now available up to 80% LTV at 4.84%.
F2 MUFB five-year fixes are available from 5.39% and newly available up to 80% LTV at 5.79%.
All specials products are available for both individual and limited company applicants, supporting a wide range of landlord strategies and ownership structures.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “These enhancements demonstrate our clear commitment to supporting brokers and their clients with larger, more complex buy-to-let requirements. By offering loans up to £3m – and £5m by exception – and extending our lending with new 80% LTV options, as well as further price cuts, we’re giving brokers the flexibility to place big-ticket cases with confidence.
“We’ve refreshed our specials range to ensure there’s a competitive solution for every type of landlord, from standard F1 products through to F2 HMO and MUFB lending. The removal of previous loan caps and the alignment of aggregate borrowing limits also makes it simpler for experienced landlords to scale their portfolios without unnecessary hurdles.
“Our goal is to make Foundation the first port of call for brokers working on larger loan specialist buy-to-let cases. With competitive rates, larger loans, and increased flexibility across our lending criteria, we are positioning ourselves firmly as the lender for ambitious landlords and the brokers who support them.”
