Foundation has announced rate reductions of up to 0.10% across selected buy-to-let products and enhanced its holiday let product range.
Foundation’s buy-to-let rates now start from 4.99% at 75% LTV following cuts of up to 0.10% across F1 and specialist products.
Both two-year and five-year F2 holiday let products have been reduced by 10bps, with rates now starting at 6.64% at 75% LTV.
The reduction supports an update to Foundation’s holiday let criteria, allowing property owners to reside in their properties for up to 60 days per year.
Grant Hendry, director of sales at Foundation, said: “Following our announcement just last week, we are pleased to announce further enhancements across our range, including rate reductions and a really exciting upgrade to our holiday let criteria. This move strengthens what is already a very popular product range among intermediaries and their clients.
“These enhancements further demonstrate our commitment to make positive changes to our products as soon as the opportunity presents itself. We continue to stay close to the market to ensure our product range remains competitive and able to support the broad requirements of intermediaries, landlords, property investors and borrowers. As ever, we pair this with the service, flexibility and manual underwriting that advisers rely on.”
