Foundation introduces new fee-assisted residential products

The fixed-rate products are both offered up to 65% LTV

Foundation introduces new fee-assisted residential products

Intermediary-only specialist lender Foundation Home Loans has launched two new fee-assisted limited edition residential products.

Available as part of its F1 product range – for borrowers with an almost clean credit history – the fixed-rate products, both offered up to 65% LTV, come with rates of 4.74% for the two-year, and 4.99% for the five-year.

The products also benefit from one free standard valuation, no application fee, and a £795 product fee. They are available for owner-occupiers looking to purchase or remortgage, on either a capital and interest or interest-only basis for loans up to a maximum of £2 million.

Foundation said it is launching new limited edition products so advisers and their clients can benefit from its current strong service levels. The lender is currently working on a one-day service turnaround for reviewing new residential applications.

Read more: Foundation enhances fee-assisted BTL product range.

“Following the launch last week of a limited edition buy-to-let product, we are following it up this week with the launch of two new residential fee assisted limited edition 65% LTV products within our F1 range for owner-occupiers,” George Gee, commercial managing director at Foundation Home Loans, said.

“Specialist residential lending is showing strong demand at the moment, and we believe these competitively-priced options, coupled with our excellent service standards, will make them attractive to our intermediary partners.”