It also introduces new standard BTL products for F1 clients
Specialist lender Foundation Home Loans has launched two new fee-assisted products for houses in multiple occupation (HMOs) under its Buy to Let by Foundation brand.
The new products feature a 1.25% fee, complimentary valuations, and no application charges, available at up to 75% loan-to-value (LTV). The offerings include a two-year fixed rate at 6.69% and a five-year option with a rate of 6.39%.
In addition, the lender has introduced new standard buy-to-let products for F1 clients – those with an almost clean credit history. These products offer two-year fixes at 6.39% and five-year fixes at 5.94%, each carrying a 1.5% fee.
Also available are Green ABC+ five-year buy-to-let fixed rate products for portfolio and non-portfolio landlords focused on enhancing their properties’ energy efficiency. These rates are set at 5.99% for F1 clients and 6.14% for F2 clients.
Foundation Home Loans confirmed that all rates within its Buy-to-Let Specials range remain unchanged, including F1 five-year fixed rates starting from 4.79% and fee-assisted products for portfolio landlords only, starting from 5.09%, alongside two- and five-year fixed rates for HMOs.
“We’re very pleased to be able to launch these brand new, fee-assisted HMO products within Buy to Let by Foundation, particularly as they also come with no application fee and one free standard valuation,” said Tom Jacob (pictured), director of product and marketing at Foundation Home Loans. “As advisers with HMO landlord clients will know, valuations for these types of properties can be expensive, so this should be a considerable saving for clients from the outset.
“We continue to offer a strong range of both standard buy-to-let products while our Specials range for landlords remains at the same pricing as when we launched them in January, offering highly-competitive rates for those clients seeking to either refinance their properties or purchase in order to add to their portfolios.
“At Foundation, we are seeing strong ongoing landlord appetite and activity, and we’re here to work closely with advisers and their clients to ensure they get the right finance at competitive rates.”
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