“We continue to review our product and criteria right across the buy-to-let range, and as a result of this, we’re able to launch these new, specific short-term and holiday let products, as well as cut fees across a number of other product options,” said Tom Jacob (pictured), director of product and marketing at Foundation Home Loans.

“Landlords continue to look at the ways and means by which they can diversify their portfolio, and both short-term and holiday let options are growing in popularity, not least because of the potential for greater rental yield levels on these types of properties.

“At the same time, we have been able to cut fees across a number of products, saving money upfront for landlords and over the term of the mortgage, given that large numbers of borrowers add the fees to the loan. Foundation will continue to closely monitor the market and our proposition to ensure we have a broad array of product options for those landlords who are looking to purchase or remortgage more specialist property types.”

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