FHL launches new limited edition five-year buy-to-let rate

Foundation Home Loans has launched a new limited edition five-year fixed rate buy-to-let product.

Available from today for both individual landlord borrowers and limited companies, the five-year deal is a F1 tier product, for those with an almost clean credit history.

It is offered at a rate of 6.69% up to 75% LTV with a flat fee of £2,995.

Tom Jacob, director of product and marketing at Foundation Home Loans, said: “Even prior to the publication of the latest inflation figures, we were seeing an easing of swap rates off their most recent highs, and as a result of this shift, we are able to launch this limited edition five-year fix for buy-to-let borrowers at a keener rate.

“Five-year fixes remain popular in terms of both meeting affordability measures, ensuring borrowers can secure the right loan amount and in terms of providing monthly mortgage payment certainty. This product is available up to 75% LTV with a flat fee, plus it comes with a maximum loan amount of £1.5 million.

“As always, we keep a very close eye on the money markets and the sector itself, to ensure that, if the direction of travel remains the same, we can take the opportunity to provide competitive product options. Our current service levels are excellent and we are here to support advisers across all their specialist lending needs.”