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Foundation Home Loans slices mortgage rates for landlords and limited companies

  • 18/08/2020
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Foundation Home Loans slices mortgage rates for landlords and limited companies
Foundation Home Loans has dropped rates for selected five-year buy-to-let mortgages available to both limited company and individual landlord borrowers. 


In the specialist lender’s F1 buy-to-let product range – for landlord borrowers with an almost clean credit history – the five-year rates at 65 per cent loan to value (LTV) have come down to 3.24 per cent from 3.39 per cent, and at 75 per cent LTV to 3.49 per cent from 3.59 per cent.

Both products come with a two per cent fee.

Foundation has also cut the rate of its large loan, five-year 65 per cent LTV buy-to-let deal down to 3.14 per cent from 3.29 per cent.

This product has a minimum loan size of £500k, and a maximum of £2m.

Foundation said the three products benefiting from the rate enhancements were some of the most popular in its entire buy-to-let range and would benefit those landlords looking to either remortgage or add to portfolios in order to take advantage of the stamp duty holiday.

It comes after the lender returned to 80 per cent LTV offering – it currently has both a 4.29 per cent two-year fixed rate and a 4.79 per cent five-year fixed rate available.

Jeff Knight, director of marketing at Foundation Home Loans (pictured), said: “Pent-up demand from landlords post-lockdown has now evolved further with their unexpected access to the stamp duty holiday, and these rate cuts should come at a very good time for advisers and their clients seeking either remortgage or purchase finance.

“These three specific five-year products were already some of our ‘best sellers’ and we are very pleased to be able to reduce rates further in order to support the landlord community, particularly those who utilise limited companies in order to house their portfolio properties.

“We are seeing encouraging signs from the market, and as a lender we remain committed to helping as many landlords as possible to make the most of the opportunities that are currently available.”

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