Foundation Home Loans has responded to an increase in demand for shorter-term buy-to-let (BTL) mortgage products by reducing pricing on two products for standard property types, and introducing a new product with a flat arrangement fee.
The intermediary-only specialist lender suggested its changes will complement the existing two- and five-year rates already available.
From today, advisers will be able to access reduced two-year rates within Foundation’s standard property range for both individual and limited company borrowers with an almost clean credit history.
Earlier this month, the lender returned its BTL product range to its pre-lockdown structure with the reintroduction of large loan, early remortgage and short-term let products.
Foundation director of marketing, Jeff Knight, commented: “We are seeing a strong demand for our two-year products across the range and are always looking to enhance our competitive position where appropriate.
“These products are available to both limited companies and individuals. We are also able to offer these with generous ICRs, for example, 125% for limited companies and basic-rate taxpayers, which broadens our range and offers an extensive choice to meet the needs of BTL landlords.”
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