Foundation Home Loans has announced the launch of two new limited edition buy-to-let (BTL) products for clients with an “almost clean” credit history.

The specialist lender confirmed the offering will be available in its F1 tier for both purchase and remortgage purposes.

For both individual and limited company borrowers, the two new limited edition products cover both two and five-year fixed-rate terms.

Foundation revealed that its two-year fix, available up to 75% loan-to-value (LTV), comes with a rate of 5.94% and a product fee of £1,995, while the five-year fix, also available up to 75% LTV, comes with a rate of 5.59% and a product fee of £4,995.

The lender added that there is a maximum loan amount of £1.5m for each product.

“Foundation is always looking at product options for landlord borrowers, particularly when it comes to fixed rates where customers are able to be crystal clear on their monthly mortgage payment amounts, in this case, over a two or five-year period,” commented managing director (commercial) at Foundation Home Loans, George Gee.

“With these limited edition specials we’ve been able to offer competitive fixes with a fixed product fee, which will help manage upfront costs while also helping some landlords in terms of any affordability challenges they might be having.

“We’ll continue to look regularly at what we can offer in the buy-to-let space and continue to support advisers who have landlord clients with more complex and specialist needs.”

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