Foundation Home Loans has cut rates on select buy-to-let (BTL) deals by up to 30 basis points (bps).
The rate cuts apply to a range of Fixed Rate Specials under the Buy to Let by Foundation brand.
Highlights of the rate cuts include:
• F1 portfolio landlord five-year fixed rates reduced by up to 0.3% with a 6% fee; rates start from 4.89% up to 75% loan to value (LTV).
• F1 two-year fixed rates reduced by up to 0.25% with a 4% fee; rates start from 4.49% up to 75% LTV.
• F2 house in multiple occupation (HMO) two- and five-year fixed rates reduced by up to 0.3% with a 3% fee; rates start from 4.99% up to 75% LTV.
• F2 multi-unit freehold block (MUFB) two- and five-year fixed rates reduced by up to 0.3% with a 3% fee; rates start from 5.09% up to 75% LTV
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “As the market shifts, we are able to announce rate cuts across a range of buy-to-let specials.
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“Our range, pricing and criteria [are] tailored to an array of landlord borrowers and property types, and these specials cover a wide variety of needs and circumstances, whether standard buy-to-let finance or more niche areas such as HMOs and MUFBs.”
Earlier this month, Buy to Let by Foundation released a limited-edition product.
