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TODAY'S OTHER NEWS

Foundation Home Loans reduces BTL rates

Foundation Home Loans has cut rates on selected five-year fixed buy-to-let products by up to 0.1%.

The specialist lender has made reductions across its core buy-to-let F1 and F2 product ranges, which apply to both individual and limited company buy-to-let landlords.

Within its buy-to-let F1 range at 65% loan-to-value (LTV) the 3.29% rate has dropped to 3.19% and at 75% LTV the 3.45% rate has fallen to 3.35%.

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Within its buy-to-let F2 range, at 65% the 3.39% rate has been cut to 3.34% while at 75% LTV the 3.55% rate now stands at 3.49%.

Foundation’s five-year remortgage special, which includes a free standard valuation and £250 cashback upon completion, has also seen rates changes, while also includes a free standard valuation and £250 cashback upon completion.

All Foundation’s products are available via its distributor network including all mortgage clubs, networks and key packagers.

Jeff Knight , director of marketing at Foundation Home Loans, commented: “We are always looking at ways to support a range of landlord needs, and this raft of rate reductions will offer them access to even more competitive buy-to-let deals across the 65-75% LTV bands.

“In the current climate, many landlords are looking for stronger levels of payment security – coupled with an array of options and a certain degree of flexibility where possible.

“The demand for five-year fixed rate deals continues to rise and, here at Foundation Home Loans, we will continue positioning ourselves at the forefront of the buy-to-let lending landscape to help all landlord clients bolster or better manage their portfolios.”

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