Legal & General Mortgage Club has launched an exclusive buy-to-let portfolio product with Foundation Home Loans.
From today, Legal & General Mortgage Club members will have access to the 5-year fixed rate portfolio product, available up to 75% loan to value. Starting from 3.19%, the product has a minimum loan value of £50,000 and a maximum amount of £750,000, with a 1.5% application fee.
Danny Belton, head of lender relationships, Legal & General Mortgage Club, said: “Legal & General Mortgage Club has been working very closely with Foundation Home Loans to develop this offering.
“Foundation Home Loans have been committed to building a strong buy-to-let proposition and we’re excited to bring this exclusive product to market and to our key partners.”
Andrew Ferguson, commercial director for Foundation Home Loans, added: “Our exclusive product has been developed with Legal & General Mortgage Club to identify and provide greater products for advisers and their portfolio buy-to-let clients.
“Foundation Home Loans is increasingly strong in the portfolio sector and we are keen to broaden the options available to meet the growing demand we are seeing.
“We’ll continue to work with Legal & General to help support their advisers and to ensure Foundation is the first port of call for all those with buy-to-let clients.”