Foundation Home Loans has launched a 3.34% 5-year fix through its key packager partners.
It is available to 65% loan-to-value (LTV) and has a 2% arrangement fee with an interest cover ratio (ICR) of 145% x pay rate for individuals and 125% x pay rate for limited companies
Early redemption or repayment charges (ERCs) are at 5%, 4%, 3%, 2% or 1% of the loan, depending on the length of time registered.
Andrew Ferguson, commercial director at Foundation Home Loans, said: “We are delighted to be offering this product via our key packager partners, who are an important part of our growth plans.
“This product will appeal to both portfolio and non-portfolio landlords and offers generous rental calculations.”