Foundation Home Loans launches limited edition five year BTL fix

By Bridging Loan Directory 5th January 2024

Foundation Home Loans, the intermediary-only specialist lender, has today (Friday 5 January) launched a new limited edition five-year fixed rate product to bolster its core buy-to-let proposition.

Available for both purchase and remortgage purposes, the F1 limited edition five-year BTL fixed rate comes with a headline rate of 5.64% up to 75% LTV and a 1.50% fee.

This follows the December repricing of selected products across the specialist lender’s core buy-to-let range with rate reductions of up to 0.20%.

Foundation’s current service levels continue to average turnaround times of one day for DIP referral, application and underwriter review for all cases.

Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:

“We promised to start 2024 with a bang and the introduction of such a competitive rate offers yet more positive news for landlords and our intermediary partners.

This is a product which further enhances our broad range of competitive rates and fee options across a variety of fixed rate terms and is likely to be a popular option in what could prove to be an opportunity-laden period for landlords across the UK.”