FHL enhances residential range with new products and reduced rates

Foundation Home Loans has announced a series of enhancements to its residential product range including rate reductions of up to 0.50% across its F1–F4 tiers, 0.15% rate reductions on green products, the launch of new 90% LTV fixed rates, and expanded options for key workers. 

New F1 two and five-year fixed rates at 90% LTV are available from 6.54% with a £995 fee.

In addition, an F1 key worker five-year fixed rate has launched at 5.64% up to 75% LTV with a £595 fee, free valuation, and no application fee.

Rate cuts of up to 0.50% across F1-F4 products

In Foundation's existing range, F1 two and five-year fixed rates have reduced by 20bps, now starting from 5.39% with a £995 fee.

F1 green two and five-year fixed rates have been cut by up to 15bps, starting from 5.44% with a £595 fee and free standard valuation.

F1 key worker rates are down by up to 50bps, with rates from 5.59% with a £595 fee, no application fee, and free valuation.

F1 professionals five-year fixed rates have reduced by up to 50bps, now from 5.74% with a £995 fee and £350 cashback.

In the lender's F2 range, rates are down by 10bps to start at 5.79% with a £995 fee.

F2 green rates have reduced by 10bps, now available from 5.74% with a £595 fee.

F3 two and five-year fixed rates have been cut by up to 20bps, starting from 6.09% with a £995 fee.

Selected F4 two and five year fixed rates have also reduced by up to 10bps, with rates from 6.39% with a £995 fee.

Tom Jacob, director of product and marketing at Foundation Home Loans, commented: “These changes reflect our ongoing commitment to residential borrowers who don’t quite fit the mainstream mould and we remain focused on delivering a range of specialist solutions, backed by robust underwriting and consistently strong service levels. 

“Our ultimate aim is to provide our intermediary partners with a more versatile product range that responds to ever-evolving client needs, and through the introduction of new high-LTV options, reduced rates, and expanded product options for key workers, we’re delivering greater choice where it’s needed most.”