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Foundation Home Loans cuts rates across core BTL product range

Foundation Home Loans has made a series of rate reductions across a number of products in its core buy-to-let range.

The rate cuts cover both individual and limited company fixed-rate products for both single tenancy properties, as well as HMOs and short-term lets, and are up to 20 basis points for some products.

Foundation’s five-year fixed rate product at 75% loan-to-value for F1 borrowers is now available at 3.15%, down from 3.24%, subject to a 2% fee.


There have also been reductions to the two-year fixed rates for F1 borrowers, to 2.44% at 65% LTV and 2.59% at 75% LTV.

In addition, the Foundation’s short-term let products now start at 2.99%.


The rate cuts follow Foundation’s introduction of a number of buy-to-let criteria enhancements in January including a new ICR for basic-rate tax payers which reduced down from 145% of rental income to 125%.

Foundation also increased maximum loan sizes across its entire product range for both 65% and 75% LTV.

Jeff Knight, director of marketing at Foundation Home Loans, commented: “We have become well known for providing solutions for portfolio landlords, particularly those financing a property via a limited company.

“The recent changes we have made, combined with these rate changes, will make us even more appealing to intermediaries and their clients.

“And we have also recently increased the size of our sales team, so it means we are well placed to continue our steep growth trajectory.”

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