The five-year deal comes with a fixed rate of 3.24 per cent and is available up to 65 per cent LTV. It comes with a £1,995 arrangement fee and is designed for limited company landlords.
Jane Benjamin, director of mortgages at Sesame and PMS, said the group had seen significant growth in its limited company buy-to-let lending over the past 18 months and suggested this new deal would boost the choice available to members’ landlord clients.
Andrew Ferguson, commercial director at Foundation, said the lender was looking to “develop out systems and processes” to make it easier for intermediaries to place cases with the firm.
He added: “We will continue to work with our trusted partners to see how we can support their buy-to-let offering and to ensure that Foundation is a leading player in this highly competitive sector.”