In addition to launching new products, Foundation Home Loans has reduced rates on several existing ones.
The F1 green expat five-year fixed rate mortgage, designed for properties with an energy performance certificate (EPC) rating of ‘A’ to ‘C’, is now available up to 75% LTV at a rate of 5.99%. This product comes with a 1.25% fee, free valuation, and no application fee. Rates on the F2 expat standard, HMO, and MUFB five-year fixed rate mortgages have been cut by 0.5%, with rates now starting at 6.09%.
The lender has also reduced rates on its F2 large HMO two- and five-year fixed rate mortgages by up to 0.4%, with rates now starting at 6.19% and a 2% fee. Similarly, rates on the F2 MUFB two- and five-year fixed rate mortgages have been lowered by up to 0.3%, with rates now starting at 5.99% and a 2% fee.
“The addition of larger HMOs, MUFBs, and expat products to our core buy-to-let range is a significant step forward for the brand,” Tom Jacob (pictured), director of product and marketing at Foundation Home Loans. “We believe these new additions will be welcome news for advisers active in the buy-to-let space, particularly those working with professional landlords with substantial portfolios.”
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