Foundation Home Loans has announced it is launching new limited edition owner-occupier remortgage products with no fees.
The intermediary-only specialist lender has also launched new buy-to-let (BTL) flat-fee limited editions for both individual and limited company landlord borrowers.
Foundation confirmed the 75% LTV owner-occupier remortgage products have two and five-year options, priced at 3.19% and 3.49% respectively, available on a capital and interest basis with a minimum loan size of £200,000. There are no product or application fees, and they come with a free standard valuation.
The lender also revealed that its new BTL limited editions are available for both purchase and remortgage, offered to individual and limited company landlords. The 75% LTV two-year fixed rate is available at 2.94%, while the five-year option is available at 3.14%.
Foundation commercial director, George Gee, said there is “growing interest” in products which can keep the upfront costs to a minimum for borrowers.
“With highly competitive interest rates, we believe these new limited editions will provide advisers with a set of options to fit a number of client demographics,” Gee said.
“The flat fee option for landlords also means these BTL limited editions are highly competitive on total cost and will interest landlords who specifically want larger loan amounts.”
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