Foundation Home Loans has announced it is repricing its core residential and buy-to-let (BTL) product ranges. 

The specialist lender has made selected rate reductions in its residential range of up to 15 basis points across its F1 tier, with fixed rates starting at 2.99% for two years at 65% LTV.

Foundation has also confirmed rate cuts by up to 0.55% on its green residential products.

In the lender’s buy-to-let (BTL) range, fixed rates now start at 2.74% – a reduction of 15 basis points – for a two-year fix at 65% LTV.

Furthermore, large loan rates with flat fees have been introduced, while Foundation also confirmed cuts to its small standard HMO and large HMO/MUB products by up to 20 basis points, as well as cuts to its short-term let products by up to 30 basis points.

“For Foundation, 2022 is all about improving customer choice and providing advisers and their clients with a wide range of product pricing options that are going to ensure more borrowers get the mortgage finance they need,” the lender’s commercial director, George Gee, commented.

“Our residential core range now offers even better value for money, and focuses specifically on those owner-occupiers who have more complex needs and circumstances which warrant a specialist solution.

“In BTL we are also improving choice for advisers and their landlord clients in what we believe will be a strong year for the sector, both for purchase and remortgage activity. Again, we have made rate reductions, bringing many standard products in our F1 range below 3%.

“Collectively, this is a significant product refresh for Foundation which we believe offers many more options to advisers with both specialist residential and BTL clients, and hopefully provides them with the range and service they need to make a strong start to the year.”

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