AToM (All Types of Mortgages) has launched a 3.49% 5-year fixed rate buy-to-let deal with rental coverage at 125% of pay rate for loans in a limited company name with Foundation Home Loans.
Other product highlights of the deal, which is available in England and Wales, include 145% of pay rate if in personal name; 2% Arrangement Fee; 75% LTV; completion fee added up to a max 80% LTV and ERCs at 5%, 4%, 3%, 2%, 1%.
Dale Jannels, managing director at AToM, said: “Foundation Home Loans has been a great lender for innovation with their products being attractive to professional investors as well as those new in to buy-to-let. This new offering really is superb. It’s a fantastic proposition. Unsurprisingly, the phone is already busy and I doubt this product will be around for too long. We are grateful to have this opportunity and it’s another great offering for AToM’s increasing network and broker partners.”
Jannels added: “Those using the new AToM Together system will know that with just one input, brokers can download all pre-populated application forms, source KFIs and full submission requirements to obtain this great product.”