Foundation Updates

07 January 2021

Rate reductions on BTL & residential products, new 75% LTV for first time buyers

Today we’ve introduced a number of new products, price and criteria changes across both our buy to let and residential ranges.

Buy to let changes 

These include new two and five year ‘remortgage specials’ in the F1 range which come with a low 1% product fee on five year fixed rates. There is also a remortgage incentive package for the borrower which includes one free standard valuation per case, £250 cashback on completion and no application fee.

And, we've reintroduced flat-fee products on both our F1 and F2 tiers. With a fee of £1,495 on a number of five-year fixed rates.

We have also reduced rates across all buy to let product tiers, with a particular emphasis on F2 (including HMO) and F3 – borrowers with credit issues.

Residential changes

We’ve made a number of residential price reductions from 0.10% to 0.20% and continue to offer ‘Remortgage specials’ with a £595 fee, one free standard valuation per case, £250 cashback on completion and no application fee.

As part of changes, we have introduced new 75% LTV first-time buyer products for both F1 and F2 borrowers to complement its options at 80%.

Find out more

Finally, we’ve introduced a rolling end-date for all products across both buy to let and residential ranges, which means that upon completion borrowers will benefit from the full two or five year period, rather than having a fixed end date.


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