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Foundation Home Loans has cut rates across its BTL range

Foundation Home Loans has improved its product offering, with a series of price reductions across its buy-to-let product range aimed primarily at portfolio and non-portfolio landlords.

The new product line offered by Foundation Home Loans includes a two-year fixed rate deals starting at 2.79% and five-year fixed rate products starting at 3.44%.

These products are available at an interest cover ratio (ICR) of 145% x pay rate for individuals and 125% x pay rate for limited companies.


The specialist lender, available only through intermediaries, has also upgraded its HMO five-year fixed rate offering which now starts from 3.54%. The rental stress calculations are the same as its other buy-to-let products, for example 125% x pay rate on a five-year fixed rate for a limited company borrower.

Andrew Ferguson, commercial director at Foundation Home Loans, commented: “Within the market place, we are becoming recognised for our limited company and portfolio landlord proposition and wanted to make absolutely sure the needs of our landlord clients were being met.

“With our limited company range offering a competitive ICR of 125%, we anticipate our products will continue to draw mass appeal.”

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