Foundation Updates
New limited edition BTL fixed product
As of today, Wednesday 20th March, we have launched a brand new BTL fixed 2-year rate available to individual and portfolio landlords and limited companies.
New Buy to Let fixed product:
- 5.79% fixed for 2 years
- F1 range
- 1% product fee
- Up to 75% LTV
- Maximum loan of £1.5m
- For limited companies and individuals
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“We are seeing sustained appetite for two-year fixed rate products as a variety of landlords are looking to secure competitive rates which also offer them an opportunity to reappraise the market in the near future.
“The introduction of this limited edition two-year fix will help provide additional choice within what remains an active marketplace. In addition, improved stress rates on the rental cover calculation required for our sub five-year BTL rates mean that this product will now be more accessible to a greater number of landlords based on their rental income. A combination which should prove highly beneficial to our intermediary partners and their landlord clients.”
FOR INTERMEDIARIES ONLY
