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Foundation Home Loans introduces new buy-to-let mortgage products

Foundation Home Loans has launched three new buy-to-let mortgage products. 

The new deal includes a 75% loan-to-value (LTV) five-year fix at 3.39%, available at a maximum loan value of £750,000, which is within the lender’s Tier 1 range, aimed at borrowers with a near-perfect credit record.

The lender has also added two deals within its Tier 2 range, aimed at borrowers with recent mishaps on their credit record or for those seeking to find a more specialist property type.

The two products, also available at a maximum loan value of £750,000, are a 75% LTV five-year fix at 3.55%, along with a 75% LTV five-year fix at 3.59%, aimed at HMO landlords. 

All three deals have includes a free standard valuation, no application fees, and a 1% product fee.

Jeff Knight, director of marketing  at Foundation Home Loans, said: “This sector is all about the provision of product options, giving landlord borrowers and their advisers a range of choices depending on their needs and circumstances.

“In this unpredictable economy, we are certainly sensing that many borrowers want to know exactly what their mortgage payments will be over a longer-term.”

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