Foundation Home Loans launches new residential and buy-to-let specials

Foundation Home Loans has added new special products to both its owner-occupied and buy-to-let offering.

In its residential range, Foundation is launching new two and five-year fixed-rate products up to 75% LTV in both its F1 and F2 tiers, with rates staring from 6.49%. These fee-assisted products come with one free valuation, a flat £795 product fee, and no application fees.

Within the buy-to-let range, the lender is also launching new F1 and F2 two and five-year fixed-rates, up to 75% LTV, with rates starting at 6.29% for F1 with a free valuation, and 6.34% for F2.

It is also launching specific HMO specials in its F2 tier, again up to 75% LTV, with rates starting at 6.44% for the two-year offering and 6.59% for the five-year.

Tom Jacob, product and marketing director at Foundation Home Loans, said: “As advisers will know only too well, June is shaping up to be a significant month of product changes and launches. At Foundation we want to ensure we are offering as much choice as possible and have therefore launched these new specials, which cover both our owner-occupied and buy-to-let ranges.

“The big news in owner-occupied is that we have two and five-year fixes now available up to 75% LTV, which are fee-assisted in order to take away some of the upfront costs that are often a major concern for residential borrowers.

“In buy-to-let, we are offering new products with free valuations, plus specific HMO deals, which we know is a growing area of demand for landlords as they seek to ensure as high a rental yield as possible.

“As always, we’ll keep listening to the market, to our adviser partners and their landlord clients, to ensure we have a full range of products that meet all their needs.”