New special products have been launched by intermediary-only specialist lender, Foundation Home Loans, for its owner-occupied and buy-to-let (BTL) offerings.
Foundation is launching two and five-year fixed-rate products up to 75% LTV in both its F1 and F2 tiers for its owner-occupied range, with rates starting from 6.59%. These fee-assisted products come with one free valuation, a flat £795 product fee and no application fees.
Foundation is also offering F1 and F2 two and five-year fixed-rates up to 75% LTV within its BTL range, with rates starting at 6.29% for F1 with a free valuations, and 6.34% for F2.
The lender is also launching specific HMO specials in its F2 tier, again up to 75%, with rates starting at 6.44% for the two-year offering and 6.59% for the five-year.
Director of product and marketing at Foundation Home Loans, Tom Jacob, said: “As advisers will know only too well, June is shaping up to be a significant month of product changes and launches. At Foundation we want to ensure we are offering as much choice as possible and have therefore launched these new Specials, which cover both our owner-occupied and BTL ranges.
“The big news in owner-occupied is that we have two- and five-year fixes now available up to 75% LTV, which are fee-assisted in order to take away some of the upfront costs that are often a major concern for residential borrowers.
“In BTL, we are offering new products with free valuations, plus specific HMO deals, which we know is a growing area of demand for landlords as they seek to ensure as high a rental yield as possible.
“As always, we’ll keep listening to the market, to our adviser partners and their landlord clients, to ensure we have a full range of products that meet all their needs.”
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