Within its F1 range – designed for landlord borrowers with an almost clean credit history – Foundation has launched two- and five-year fixed rate products at rates of 5.59% and 5.99% respectively, and both products come with a flat fee of £3,995.
For more specialist property types, a five-year fixed rate product has been introduced within the F2 standard HMO range. This product is available at a rate of 6.24% and also comes with a flat fee of £3,995.
Within the lender’s F2 holiday let range – also with both two- and five-year fixed options – rates are 6.04% for the two-year fix and 6.34% for the five-year fix, with a £3,995 fee.
F2 deals are available to landlords financing more specialist property types or those with some historical credit blips.
Grant Hendry (pictured), director of sales at Foundation, said: “We continue to monitor market conditions, and the slight easing in swap rates has given us the opportunity to introduce these new limited-edition buy-to-let products.
How brokers can shape the future of shared ownership
Sponsored by Halifax Intermediaries
“We’re conscious that the market can still move quickly, and while this is a positive step, we’ll continue to keep a close watch on developments and act where needed. Our focus remains on providing consistent support and a broad set of solutions that brokers and their landlord clients can rely on.”
