Foundation has launched a new range of limited-edition residential remortgage products while cutting rates across both its residential and buy-to-let (BTL) portfolios.
The new remortgage-only deals, aimed at F1 borrowers just outside the mainstream, are available at 65% loan-to-value (LTV) on 2- and 5-year fixed terms.
Rates start at 6.09% for the 2-year fix and 6.24% for the 5-year option, both with a £595 fee, free standard valuation and no application fee.
The lender said the products are designed to reduce upfront costs and simplify the remortgage process, while still offering competitive pricing for borrowers needing a more flexible underwriting approach.
Alongside the launch, Foundation has reduced rates across its wider residential range by up to 0.20%, including products for purchase and remortgage, as well as options with cashback, fee-assisted legals, and specialist features such as Key Worker and EPC Saver deals.
Its buy-to-let range has also seen broad-based reductions of up to 0.25%, with rates now starting from 5.14%.
The cuts apply across multiple segments including houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), holiday lets, expat lending and short-term lets.
Grant Hendry, director of sales at Foundation, said: “The launch of our Limited Edition residential remortgage-only products is particularly important.
“These offer a simple, excellent value solution with low upfront costs, which we know is a key priority for many borrowers at the moment.
“At the same time, the wider reductions mean advisers have a strong set of options across the board, whether they’re working on straightforward cases or more complex specialist scenarios.”