Foundation Home Loans has launched new buy-to-let (BTL) limited edition options with both no-fee and flat-fee options.

The intermediary-only specialist lender said the products would give an “attractive” total cost for individual and limited company landlord borrowers.

The no-fee limited edition products have no product or application fees and come with a free standard valuation for purchases as well as remortgages. The two-year product is priced at 3.24% fixed and the five-year at 3.34% fixed, both up to 75% LTV. These products have been designed to appeal to landlords looking to purchase or refinance with low up-front costs, the lender stated.

Foundation also confirmed that its flat-fee products are available up to 65% LTV. The two-year product is priced at 2.79% fixed and the five-year at 2.99% fixed with a fee of £1,995.

“These new limited edition BTL products are highly competitive on both rate and fees, providing an attractive overall total cost to those landlords either seeking to add to portfolios or to refinance,” said Foundation commercial director, George Gee.

“Given that we have no limit to the size of the background portfolio of the client – subject to £5m borrowing with Foundation – we believe these products offer intermediaries a good value option for their portfolio and non-portfolio landlords.

“The BTL market is a key focus for Foundation and these new limited editions ensure we continue to deliver on keeping upfront costs low for borrowers, and provide highly competitive rates for landlords who want to make the most of the current market conditions and increase the size of their portfolios.”

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