Foundation announces BTL rate reductions

Foundation Home Loans has announced a wide range of buy-to-let (BTL) rate reductions across all its product tiers and property types.

The intermediary-only specialist lender revealed that the new offering will be available to both individuals and limited companies.
 
The products that have seen specific cuts include Foundation’s 80% LTV two-year fixed-rate which has been reduced by 20 basis points from 4.29% to 4.09%, and the lender’s HMO five-year fixes – reduced by 60 basis points for 75% LTV rates, down to 3.94% from 4.54% for properties with up to six occupants, and down to 4.04% from 4.64% for 75% LTV for larger HMOs with a maximum of eight bedrooms, as well as all multi-unit blocks to a maximum of 10 units.
 
Foundation has also extended all end dates to 31 January 2023 for two-year deals and 31 January 2026 for its five-year terms.
 
Foundation director of marketing, Jeff Knight, said: “Foundation is on course to achieve a record quarter for new business. Our sales team are receiving record levels of enquiries but we continue to provide a reliable service to intermediaries.

“We are building on this success with these rate reductions to our core range to ensure we support existing brokers further and support the growing number of new brokers we have recently onboarded too.”

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.

The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.


Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.

In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.

The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.