Specialist mortgage lender Foundation has launched a series of Limited Edition buy to let products across its F1, HMO and Holiday Let ranges.
With swap rates easing slightly in recent days, Foundation has taken the decision to introduce additional options aimed at supporting brokers with competitive solutions across a range of landlord scenarios.
Within its F1 range – designed for landlord borrowers with an almost clean credit history – Foundation has launched Limited Edition two- and five-year, fixed-rate products. Offered at rates of 5.59% for the two-year fix, and 5.99% for the five-year fix, both products come with a flat fee of £3,995.
For more specialist property types, a new Limited Edition five-year, fixed-rate product has been introduced within Foundation’s F2 Standard HMO range. This product is available at a rate of 6.24% and also comes with a flat fee of £3,995.
In addition, Foundation has launched Limited Edition products within its F2 Holiday Let range, also with both two- and five-year fixed options. Rates are 6.04% for the two-year fix and 6.34% for the five-year fix, with a £3,995 fee.
F2 products are available to clients financing more specialist property types or those with some historical credit blips.
A spokesperson says: “We continue to monitor market conditions, and the slight easing in swap rates, has given us the opportunity to introduce these new Limited Edition buy to let products.
“As a specialist lender, it’s important we remain responsive and bring out options that reflect both market conditions and the needs of brokers and their landlord clients. These new products are designed to offer competitive pricing across a range of scenarios, from straightforward cases through to more specialist property types such as HMOs and holiday lets.
“We’re conscious that the market can still move quickly, and while this is a positive step, we’ll continue to keep a close watch on developments and act where needed. Our focus remains on providing consistent support and a broad set of solutions that brokers and their landlord clients can rely on.”
