This includes cuts of up to 0.55% across products for properties that fall outside standard criteria, such as houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), short-term lets and expat borrowing.
This includes the limited-edition five-year fix for HMOs at 75% loan to value (LTV), which has been cut by 0.2% to 5.64%. This product has a £2,995 fee and a minimum loan size of £150,000.
Its standard HMO products, fixed for two and five years and available up to 75% LTV, have been reduced by as much as 0.4%, with rates starting at 5.74% with a 2% fee.
Across its two- and five-year fixed MUFB rates up to 75% LTV, cuts of up to 0.55% have been made, with pricing starting at 5.84% with a 2% fee.
Its short-term let rates, fixed for two or five years up to 75% LTV, have been reduced by as much as 0.35%, with rates starting from 6.19% with a 2% fee.
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For expat borrowers seeking two- or five-year fixes at 75% LTV, pricing has been cut by up to 0.45% and starts at 5.89%.
Across the Foundation Home Loans core range, two- and five-year fixed rates up to 80% LTV have been reduced by 0.35% and begin at 5.49%.
Across the lender’s specials offering, its F1 two- and five-year fixed rates at 65% and 75% LTV have been cut by up to 0.15% and start at 4.09% with a 4% fee, while five-year fixed portfolio landlord rates at 65% and 75% LTV now start at 4.79%.
Its HMO two-year fix at 75% LTV has been lowered by 0.1% to 4.64% with a 4% fee, while the MUFB five-year fix at the same tier has been cut by the same amount to 5.49%, also with a 4% fee.
Tom Jacob, director of product and proposition at Foundation Home Loans, said: “This latest refresh demonstrates the breadth and depth of our commitment to the specialist BTL sector. By significantly reducing rates across property types such as HMOs, MUFBs, short-term lets, and for expat borrowers, we’re giving advisers even more tools to meet the unique and varied needs of their landlord clients. Whether it’s an experienced portfolio landlord or someone entering the market with a non-standard property, our range is built to support them with tailored solutions and competitive pricing.
“We’ve also kept a sharp focus on service, because we understand that in specialist lending, time matters. Our average turnaround times, including decision in principles, case reviews and underwriter assessments, are all within one working day, meaning advisers can rely on us not only for a comprehensive product offering, but for consistent speed and support from start to finish.”
Last month, the firm increased the maximum loan size across its BTL range to £3m.
