The new products provide options with higher fees and competitive rates, alongside Foundation’s existing 80% and 85% LTV fee-free products.
Foundation has launched a new range of specialist buy-to-let (BTL) products, including 2-year and 5-year fixed rates at 80% LTV for F1, standard house in multiple occupation (HMO) and multi-unit freehold block (MUFB) cases.
The new products provide options with higher fees and competitive rates, alongside Foundation’s existing 80% and 85% loan-to-value (LTV) fee-free products.
The new F1 Special products at 80% LTV include a 2-year fixed rate at 5.09% with a 3% fee and a 5-year fixed rate at 5.69% with a 4% fee.
The F2 HMO Special products at 80% LTV include a 2-year fixed rate at 5.19% with a 3% fee and a 5-year fixed rate at 5.79% with a 4% fee.
F2 MUFB Special products at 80% LTV offer a 2-year fixed rate at 5.29% with a 3% fee and a 5-year fixed rate at 5.89% with a 4% fee.
These MUFB products are only available for up to six units.
Grant Hendry (pictured), director of sales at Foundation, said: “We continue to be committed to ensuring our products and pricing remain relevant and competitive for brokers and their landlord clients.
“These new additions strengthen our specialist buy to let proposition, providing lower-rate options across our F1, Standard HMO and MUFB ranges at 80% LTV.
“As landlords continue to look for ways to maximise yields from specialist property types, it’s important that we offer a range of solutions to meet different needs.”
Hendry added: “By introducing both two- and five-year fixed rate options, we’re giving intermediaries greater flexibility and more choice when recommending the most appropriate product for their clients.
“Combined with our existing fee-free products, this latest launch further enhances the breadth of options available to brokers in the specialist buy to let market.”