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Foundation cuts BTL rates

Jake Carter

September 17, 2020

Foundation Home Loans has reduced its buy-to-let rates across all product tiers and property types.

The 80% loan-to-value (LTV) 2-year fix has been cut from 4.29% to 4.09% and is available to F1 borrowers.

Looking to HMO product types, the 75% 5-year fix has been reduced from 4.54% to 3.94% for properties with up to six occupants, and from 4.64% to 4.04% for properties with up to eight bedrooms and all multi-unit blocks to a maximum of 10 units

The lender has also slashed rates on products within its short-term let range, with the 65% 2-year fix reduced from 3.59% to 3.49% and the 75% LTV 5-year fix from 4.64% to 4.54%.

The new offerings are available to both individuals and limited companies.

Jeff Knight, director of Marketing at Foundation Home Loans, said: “Foundation is on course to achieve a record quarter for new business.

“Our sales team are receiving record levels of enquiries but we continue to provide a reliable service to intermediaries.

“We are building on this success with these rate reductions to our core range to ensure we support existing brokers further and support the growing number of new brokers we have recently on-boarded too.”


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