Specialist lender Foundation Home Loans has launched a ‘green reward’ BTL product for properties that have a higher energy performance rating. This five-year fixed rate deal is available on a remortgage-only basis to rental properties with an Energy Performance Certificate (EPC) rating of ‘C’ or above. All rental
Landlords say they intend to remain active in the rental property market after the stamp duty holiday deadline ends in March. Just under half, or 48 per cent of buy-to-let owners said they would do so in the first quarter of the year, within the 31 March end of the stamp duty deadline, according to a poll by
Foundation Home Loans has cut rates on several of its 80 per cent LTV residential products and introduced two new 85 per cent LTV products. The specialist lender's two new 85 per cent LTV standard residential products come with a two-year fix priced at 4.34 per cent and a five-year fix priced at 4.69 per cent, both
Foundation Home Loans launches new BTL products and cuts fees
By Roger Baird 4
th February 2021 3:10 pm
Foundation Home Loans has launched a new set of Limited Edition company buy-to-let products with reduced fees.
The intermediary-only specialist lender said its Limited Edition range contains both two and five-year fixed rate options for landlords purchasing or remortgaging through a limited company vehicle.
It adds, the five products are part of its Foundation F1 range for borrowers “who just miss out on mainstream credit scores”.
The Bracknell-based firm introduces a two-year 65 per cent loan-to-value mortgage at 3.09 per cent and 75 per cent LTV at 3.24 per cent both come with a reduced fee of 1 per cent.
Foundation Home Loans reduces BTL fix by 10bps
By Rebekah Commane 28
th January 2021 9:35 am
Foundation Home Loans has cut the rate on a five-year buy-to-let fixed rate mortgage by 10pbs.
The reduction applies to the specialist lender’s five-year product at 75 per cent LTV, taking it from a rate of 3.54 per cent to 3.44 per cent.
The BTL deal comes with a 2 per cent fee and is available to individual landlord borrowers as well as those using limited companies who just miss out on mainstream credit.
A maximum loan size of £1m applies and there is no limit to the borrower’s background portfolio size, subject to a maximum of £3m with Foundation.