The lender said that two-year fixed house purchase and remortgage rates up to 75 per cent loan to value (LTV) will go down by 0.1 per cent.
Pricing begins from 5.94 per cent and goes up to 6.54 per cent at 75 per cent LTV.
Three-year fixed rate remortgages up to 75 per cent LTV will also contract by around 0.1 per cent.
Rates start from 5.84 per cent at 60 per cent LTV and go up to 6.04 per cent at 75 per cent LTV.
Foundation Home Loans refreshes rates and adds deals
Foundation Home Loans has refreshed its core buy-to-let and owner-occupied ranges and added remortgage-only buy-to-let products with cashback.
The buy-to-let remortgage deals are in its F1 range, for clients with an almost clean credit history, and F2 for clients with more specialist property type or historical blips on credit rating.
F1 five-year fixed-rates, available up to 80 per cent LTV, start from 7.29 per cent, and F2 five-year fixed-rates, available up to 75 per cent LTV, start from 7.44 per cent.
The deals are subject to a £1,295 fixed fee, a free standard valuation, no application fee and £500 cashback.
The lender also added free valuations to its professional mortgages range.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “Remortgage activity remains a very strong source of business for advisers and, within buy-to-let in particular, we wanted to acknowledge this by launching specific remo-only products, that come with a number of added extras, including a low product fee, but also free valuations and cashback to help landlord borrowers.
“At the same time, we’re also refreshing both our buy-to-let and owner-occupied product ranges, and supporting our professional borrowers by introducing a free valuation on these products, which have proved very popular offering higher income multiples.”
He added: “Our products are there to support as wide an array of specialist mortgage borrowers as possible, and we’ll continue to look at opportunities within both our buy-to-let and owner-occupied ranges, in order to keep adding product choice and ensuring borrowers have access to the finance they need.”
