Foundation has launched a new range of buy-to-let special products, including two and five-year fixed rate options at 80% LTV for F1, standard HMO and MUFB products.
The new range comes with higher product fees, providing an alternative to Foundation’s existing 80% and 85% LTV fee-free options.
The new F1 products at 80% LTV include a two-year fixed rate at 5.09% with a 3% fee and a five-year fixed rate at 5.69% with a 4% fee.
New F2 HMO products at 80% LTV include a two-year fix at 5.19% with a 3% fee and a five-year fix at 5.79% with a 4% fee.
Finally, new F2 MUFB products start from 5.29% and 5.89% respectively. These special products are only available on MUFBs up to a maximum of six units.
Grant Hendry (pictured), director of sales at Foundation, commented: “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.
“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.”