Brightstar unveils short-term let with Foundation Home Loans

Mortgage Introducer

August 20, 2018

Brightstar Financial has launched a short-term let product semi-exclusively with Foundation Home Loans.

Rates start from 2.99% for a 2-year fixed rate up to 65% LTV, and a 2-year fixed rate up to 75% LTV is available for 3.34%.

Rates on a 5-year fixed rate are available for 3.54% up to 65% LTV and 3.74% up to 75% LTV.

Jeff List, head of buy-to-let at Brightstar Financial, said: “A growing number of property investors are recognising that they could achieve better returns on a short-term let than a traditional buy-to-let investment.

“Standard buy-to-let mortgages are not appropriate for investors in short-term lets as they require an AST to be in place, so it is important that brokers have access to competitive specialist short-term let products to meet this increasing demand.

“This semi-exclusive from Foundation Home Loans is an excellent example of a product that meets a market need and provides brokers with an extra tool to help their landlord clients.”

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