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Foundation Home Loans launches flexible five-year BTL product

Foundation Home Loans has launched what it refers to as a ‘Fix to Flex’ five-year buy-to-let mortgage where early repayment charges (ERC) only apply for the first three years of the mortgage.

The product, available at up to 75% loan-to-value (LTV), is fixed at 3.74% and charges a product fee of 1.75%.

The first three years of the term carry an early ERC of 5%, 4%, and 3%.


The mortgage, part of Foundation’s F1 buy-to-let range, is aimed at existing and new buy-to-let landlords on an individual, limited, first-time and portfolio basis.

Andrew Ferguson, commercial director at Foundation Home Loans, commented: “This product ensures that – after three years – advisers’ clients will not have to pay an ERC should they wish to seek an exit whilst ensuring they know exactly what they’re going to be paying every month during that period.

“We believe there is a clear demand for a mortgage which provides both certainty and flexibility. We’d urge advisers to contact the sales team at Foundation to see how this deal might be suitable for clients and we’ll continue to work with our partners to ensure they have a BTL product range which meets their client’s needs and requirements.”

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