Foundation Home Loans reduce rates across core BTL product range

Foundation Home Loans, the intermediary-only specialist lender, has today announced a series of rate reductions across a number of products in its core buy-to-let range.

The rate cuts cover both individual and limited company fixed-rate products for both single tenancy properties, as well as HMOs and short-term lets.

Specific product changes include:

  • A rate reduction to Foundation’s five-year fix, 75% LTV (2% fee) product for F1 borrowers
  • Reduction to the two-year fixed rates for F1 borrowers at 75% LTV
  • Rate cuts across all its short-term let products

The rate cuts follow on from Foundation’s introduction of a number of buy-to-let criteria enhancements last month including a new ICR for basic-rate tax payers which reduced down from 145% of rental income to 125%, plus an increase in maximum loan sizes across its entire product range (including HMOs, multi-unit blocks and short-term lets) for both 65% and 75% LTV.

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