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Foundation Home Loans cuts rates on select BTL products

Foundation Home Loans has unveiled a number of rate reductions across a range of buy-to-let products by up to 45 basis points.

The new products, which are available with immediate effect for portfolio landlords, limited company clients and landlords purchasing or refinancing specialist properties including HMOs and MUBs, includes a 75% loan-to-value (LTV) two-year fix reduced from 3.34% to 2.89%. 

The 75% LTV two-year fix has also been cut, from 3.05% to 2.69%. This product is for both individual borrowers and limited company applicants.


All two-year products have fees of 2%, ERCs of 3%/2% and come with end-terms of 31st January 2022.

Jeff Knight, director of marketing at Foundation Home Loans, commented: “To be able to announce price cuts of up to 45 basis points is a significant move. It gives greater choice for landlords, especially HMO clients as the ICR is highly competitive in this market at only 145% at 5.5%.

“We’ve seen a growing appetite for two-year products in recent months from landlord borrowers looking for rate security alongside some freedom to be flexible after 2022.”


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