Its core buy-to-let range starts at 6.79 per cent for F1 to F3 buy-to-let products for individual, portfolio and limited company landlords. This includes green, short-term let, houses in multiple occupation (HMO) and expat options.
The F1 range is for clients with an almost clean credit history and F3 is for clients with more recent blips on their credit ratings.
The lender will offer up to 80 per cent LTV on its core F1 buy-to-let range with a two-year fixed rate available at 7.44 per cent and a five-year fixed rate priced at 7.24 per cent. Both come with a £1,995 fee.
Foundation is also offering a F1 green five-year fixed rate for borrowers buying or remortgaging properties with an EPC rating of C or higher. The deal is a 75 per cent LTV at 6.69 per cent.
It is subject to a 1.25 per cent fee, free valuation and no application fee.
On the owner-occupier side, the lender has brought back its products across its F1 and F4 ranges, with pricing stating at 6.84 per cent.
Foundation is offering a pair of F1 two and five-year fixed rates at 85 per cent LTV with a flat £995 fee.
The two-year fixed rate is 7.59 per cent and the five-year fixed rate is 7.69 per cent.
The lender is bringing out a green deal at 75 and 80 per cent LTV, with rates beginning from 7.14 per cent for a two-year fixed rate and 7.24 per cent for five-year fixed rates. Fees are fixed at £995 and offer a free standard valuation.
Tom Jacob, director of product and marketing at Foundation, said: “Last week, due to a significant amount of volatility in the money markets, we took the difficult decision to withdraw our core range products, committing to replacing them as quickly as possible.
“We are pleased to now return with repriced products for both buy-to-let and owner-occupied, and also the addition of new higher LTV tiers.”
He added: “We hope the swift reintroduction of our core product range will provide advisers and their specialist clients with a new array of options to choose from and help them find the solutions these borrowers need.
“Foundation currently has excellent service levels and we are here to support the intermediary sector and would urge advisers to contact us to see how we can provide all they need to service both their specialist buy-to-let and owner-occupied client base.”
Hanley Economic BS releases two-year fee-free shared ownership deal
Hanley Economic Building Society has brought out a two-year fee-free fixed rate shared ownership mortgage up to 95 per cent LTV priced at 5.64 per cent.
The product will offer borrowers access to shared ownership for purchase or remortgage with a five per cent deposit.
The minimum loan is £30,000 and maximum loan is capped off at £500,000, available on properties throughout England and Wales. This includes new build and flats up to 10 floors.
David Lownds, head of products and marketing at Hanley Economic Building Society, said: “The shared ownership conversation is escalating and the intermediary market will continue to play a key role in helping a variety of borrowers to carefully assess their options in the midst of what remains a challenging economic environment for many.
“Although this is a product which is available for both purchase and remortgage purposes, we expect this to be popular option for first-time buyers who still harbour strong homeownership aspirations and are fully equipped with the necessary information to head down the shared ownership route.”
