It introduces new rates and fees across BTL and owner-occupied core and special ranges
Specialist lender Foundation Home Loans has added three new limited edition products to its core buy-to-let range and added special editions to both its buy-to-let and owner-occupied mortgages.
The intermediary-only lender introduced a 6.39% five-year fixed rate in its F1 tier, and launched both a 6.59% large house in multiple occupation (HMO) five-year fixed rate and a 6.79% short term let five-year fix in its F2 tier.
All three limited edition products come with a £2,995 fee, a free valuation, and no application fee.
The lender is also introducing a range of special edition products with enhanced features within its buy-to-let range, including reduced product fees for its F1 five-year fixes, down from 1.5% to 1.25%. There are also new F1 two-year fixed-rates, starting from 5.99%, with one free standard valuation.
In its owner-occupied range, Foundation has introduced new F1 and F2 fee-assisted product options for both two- and five-year fixed-rate periods, with all products having a £795 fee, a free valuation, and no application fee. Rates start at 6.29%.
“At the end of last month, we were able to relaunch both our core buy-to-let and owner-occupied products, and continuously looking at our range, reviewing where we believe there is strong demand, we have now been able to launch both new limited editions and special products with a number of new features,” Tom Jacob (pictured), director of product and marketing at Foundation Home Loans, stated, announcing the new products.
“This broadens the product choice we are offering and targets specific landlord and owner-occupier borrowers, which we believe will allow advisers to offer a wider range of solutions to their clients from Foundation.”