The F1 tier product will be available to individual landlords and limited companies with almost clean credit histories. It is available up to 75 per cent loan to value (LTV), comes with a flat fee of £2,995 and a rate of 6.69 per cent.
This comes a month after the lender brought out two and five-year fixed rates up to 75 per cent LTV in its F1 and F2 ranges.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “Even prior to the publication of the latest inflation figures, we were seeing an easing of swap rates off their most recent highs, and as a result of this shift, we are able to launch this limited edition five-year fix for buy-to-let borrowers at a keener rate.
“Five-year fixes remain popular in terms of both meeting affordability measures, ensuring borrowers can secure the right loan amount and in terms of providing monthly mortgage payment certainty. This product is available up to 75 per cent LTV with a flat fee, plus it comes with a maximum loan amount of £1.5m.
He added: “As always, we keep a very close eye on the money markets and the sector itself, to ensure that, if the direction of travel remains the same, we can take the opportunity to provide competitive product options. Our current service levels are excellent and we are here to support advisers across all their specialist lending needs.”
