Specialist lender Foundation Home Loans has unveiled what it describes as “a significant enhancement” to its core buy to let range with the launch of a new product in the rarely occupied 85% LTV space.

Available to both individuals and limited companies, the F1 buy to let product offers a five-year fixed rate of 6.49%, a minimum loan size of £100,000, no product fee and is available up to 85% loan-to-vale. There is no minimum income requirement, and brokers will continue to benefit from Foundation’s same-day DIP turnaround times.

The product is designed to appeal to a wide range of borrowers, from first-time landlords to seasoned investors seeking to release equity or expand their portfolios.

Foundation says this places the lender as one of only two currently active at this LTV level in the buy to let market. 

Tom Jacob, director of product and marketing at Foundation Home Loans, comments: “Extending our core buy to let offering into the 85% LTV band represents a significant step for the business and a big moment in BTL lending. It provides landlords and our intermediary partners with a compelling, low-deposit route to access funding in a market where affordability can often be a barrier – particularly for those looking to maximise leverage or reduce upfront costs.

“Whether it’s a client’s first rental property or an addition to an existing portfolio, this product opens up new borrowing opportunities with the reassurance of a competitive, fee-free rate and our trademark fast turnaround times. We expect it to be an extremely popular option.”