Foundation Home Loans offers lowest-ever BTL deal with 3mc

The product is the lowest rate ever offered by the lender. It will be available through 3mc’s network partners: Home Loan Partnership, Sesame and The Right Mortgage and Protection Network. It will also be available to directly authorised members of the PMS Mortgage Club.

The new product has a maximum loan-to-value of 65% and is available for both purchases and remortgaging. It carries no minimum requirements in relation to personal background income or employment/self-employment periods. A £95 processing fee is payable to 3mc.

“We’re delighted to be offering this deal exclusively through 3mc,” said Paul Brett, director of business development at Foundation Homeloans (pictured).

Doug Hall, director of 3mc, added: “It’s great to see that the practice of differential pricing for individual and limited company buy to lets is now being kicked into the tall grass… I have no doubt that it will prove to be highly popular with landlords, following the recent changes made to the tax regime for buy-to-let investors.”