Foundation Home Loans cuts specialist property product rates by up to 0.55%

Foundation Home Loans has unveiled a refreshed buy-to-let product range with rate reductions across a number of specialist property types. 

Among the changes are cuts of up to 0.55% across products designed for properties that fall outside standard criteria, including HMOs, multi unit freehold blocks (MUFBs), short-term lets and expat borrowing. 

A limited edition HMO five-year fixed rate at 75% LTV has reduced by 0.20% to 5.64% and comes with a £2,995 fee and a minimum loan size of £150,000.

Standard HMO two and five-year fixed rates up to 75% LTV are down by up to 0.40%, now starting from 5.74% with a 2% fee, while MUFB rates have been cut by up to 0.55%, now from 5.84%.

Short-term let rates at 75% LTV have reduced by up to 0.35%, starting from 6.19%, and expat rates have decreased by up to 0.45%, now starting from 5.89%.

Foundation's Core F1 - for clients with an almost clean credit history - and F2 – for those financing a more specialist property type and/or with some historical blips on their credit rating - two and five-year fixes up to 80% LTV have reduced by up to 0.35%, now starting from 5.49%.

In addition, within Foundation’s buy-to-let specials range the lender has refreshed F1 two and five-year fixed rates at 65% and 75% LTV, reduced by up to 0.15% to start from 4.09% with a 4% fee.

Portfolio landlord five-year fixed rates, at both 65% and 75% LTV, now start from 4.79%.

HMO two-year fixed at 75% LTV are down by 0.10%, starting at 4.64% with a 4% fee, while MUFB five-year fixed rates are also down by 0.10%, now from 5.49%.

These reductions follow Foundation’s introduction of both Property Plus and HMO Plus product ranges, both designed for properties that fall outside of standard lending criteria, such as those with multiple kitchens, smaller unit sizes, or non-standard construction types

Tom Jacob, director of product and proposition at Foundation Home Loans, said: “This latest refresh demonstrates the breadth and depth of our commitment to the specialist buy-to-let sector. By significantly reducing rates across property types such as HMOs, MUFBs, short-term lets, and for expat borrowers, we’re giving advisers even more tools to meet the unique and varied needs of their landlord clients. Whether it’s an experienced portfolio landlord or someone entering the market with a non-standard property, our range is built to support them with tailored solutions and competitive pricing.

“We’ve also kept a sharp focus on service, because we understand that in specialist lending, time matters. Our average turnaround times, including DIP decisions, case reviews and underwriter assessments are all within one working day meaning advisers can rely on us not only for a comprehensive product offering, but for consistent speed and support from start to finish.”