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Foundation Home Loans moves into 80% LTV for buy-to-let

Ryan Fowler

July 30, 2020

Jeff Knight Foundation Home Loans

Foundation Home Loans has launched two 80% loan-to-value (LTV) products in its core buy-to-let range for both individual borrowers and limited companies.

The products are a 4.29% 2-year fixed rate and a 4.79% 5-year fixed rate; both come with 2% fees.

Additionally, products which were launched last month as exclusives for Foundation’s top packager partners are now available to the whole of the intermediary market.

These products are 2-year variable offerings, priced at 3.34% up to 65% LTV or 3.69% up to 75% LTV for standard HMOs. For Large HMO/MUB – HMOs to a maximum of eight bedrooms; all MUBS to a maximum of 10 units – the rate is 3.44% up to 65% LTV or 3.79% up to 75% LTV.

Foundation is launching a new packager-only exclusive today – a 5-year fixed rate of 3.89%, which comes with a 1% product fee, no application fee and a free standard valuation. This is for the exclusive and sole use of selected packager partners and is available immediately.

Jeff Knight (pictured), director of marketing at Foundation Home Loans, said: “The decision to allow landlords access to the stamp duty holiday has clearly acted as a significant catalyst as many investors consider their position and whether they are able to refinance, or secure the deposit necessary, in order to add to portfolios.

“Demand has increased and, from a Foundation perspective, July is likely to be a record month for us. Having spoken to our intermediary partners and funders, we are now able to offer 80% LTV 2- and 5-year options, plus – following a successful launch of our exclusive packager HMO/Large HMO products – we are now able to offer these out to the entire intermediary market.

“Packager exclusives are still core to our offering though and we have been able to launch a five-year fixed-rate product today just for these partner firms.

“Activity levels have grown quickly in a short space of time, and we remain fully committed and fully funded in order to offer advisers a wealth of product options to their landlord clients.”


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