The changes include a reduction of its five-year fixed rate at 60 per cent loan to value (LTV) with £999 fee. This brings it to under four per cent for the first time since September.
The product comes to 3.99 per cent for remortgages.
The lender has cut rates for two, three and five-year fixed rates up to 85 and 90 per cent LTV in its residential existing customer switching and customer borrowing more ranges, with standard, fee-saver and premier exclusive deals impacted.
Two and five-year fixed rates in its first-time buyer, residential home mover and remortgage deals up to 85 and 90 per cent LTV have also been lowered.
On the buy-to-let side, around two dozen rates cuts have been made between 0.05 per cent and 0.3 per cent.
This includes buy-to-let existing customer switching, buy-to-let existing customer borrowing more, buy-to-let purchase, buy-to-let remortgage and international residential deals up to 75 per cent LTV.
The lender has added more cashback options of £500 or £350 on over 25 mortgages.
Foundation Home Loans reduce owner-occupier and BTL rates
Intermediary-only lender Foundation Homes has cut rates in its owner-occupier and buy-to-let deals by up to 0.9 basis points.
In its owner-occupier range, the lender has reduced its fixed rate specials by 0.9 per cent across its F1 and F2 tiers. F1 is aimed at those who have just missed out on the mainstream and F2 is for those with recent credit blips.
Two and five-year residential fixed rates begin from 6.49 per cent and 6.59 per cent respectively and is available up to 75 per cent LTV.
Owner-occupier deals come with a £1,495 fee and have a maximum loan size of £1m.
On the buy-to-let side, two and five-year fixed rate specials in its F1 range have fallen by up to 0.85 per cent, followed by 0.8 per cent in its F2 range and 0.9 per cent cut for F2 house in multiple occupation (HMO) at
Buy-to-let fixed rates start from 5.89 per cent.
The special buy-to-let deals in these ranges are available for individual and limited company borrowers, come with two per cent product fee and have a maximum loan size of £1m.
George Gee, managing director for commercial at Foundation Home Loans, said: “We are pleased to be able to make these reductions in both the owner-occupier and buy-to-let ranges.
“This is all about ensuring we have a quality product offering for advisers and their specialist clients, but also highlighting our very positive service levels at present, which should allow intermediaries to work quickly on behalf of borrowers and secure the mortgage finance they require.”
He continued: “It has been a positive start to the year, and Foundation remains fully committed to helping advisers deliver the right solutions for their clients, and to making the process as simple, effective and fast as we possibly can.
“We are here to support the adviser community and would urge firms to utilise our excellent sales and BDM teams so we can help them deliver positive outcomes for all their specialist clients.”
