Foundation enhances buy-to-let range with new products and lower rates

Foundation has expanded its buy-to-let range, offering new Property Plus expat products as well as rate reductions across its standard and specialist buy-to-let ranges.  

Foundation has launched new Property Plus expat two and five-year products at 75% LTV with rates of 6.39% and 6.49%, both with a 2% fee.

In addition, the lender is reducing rates across fixed, green, HMO and HMO green products. Rates across key F1 products - for clients with an almost clean credit history - have been reduced by up to 0.35%, with rates now starting at 4.59%.

In its F1 range, two-year fixed rates at 75% LTV are down by 0.25% and now start from 4.59% with a 3% fee, while five-year rates are available from 5.29% with a 4% fee.

Two-year fixed rates at 65% and 75% LTV have reduced by up to 0.20% and 0.15%, now at rates of 5.59% and 5.79%, both with a 1% fee. Five-year rates at 65% and 75% LTV are available at 5.69% and 5.89%, both with a 1.5% fee.

Five-year green fixed rates at 75% LTV have reduced by 35bps, now at 4.99% with a 5% fee, a free standard valuation and no application fee

HMO two and five-year fixed rates are down by 20bps to 4.69% with a 3% fee and 5.44% with a 4% fee, available up to 75% LTV.

Grant Hendry, director of sales at Foundation, commented: “In the current market, brokers need a lender that can offer both consistency and breadth of product, particularly as landlord cases become more varied and often more complex. These latest additions are about making sure brokers have the right options available, whether they are placing standard buy-to-let business or working across more specialist areas such as HMOs.

“We’re also seeing continued interest in expat borrowing, and it’s important we keep that range competitive while still reflecting wider market movements. At the same time, the rate reductions of various green products are another step in supporting landlords who have improved existing properties or are targeting more energy-efficient investments from the outset.

“Ultimately, this is about giving brokers clarity and choice. In a market that can move quickly, having a lender that sets out its proposition clearly and maintains a strong spread of products can make a real difference to how efficiently brokers are able to place cases and deliver for their clients.”