“These latest changes underline our commitment to delivering a buy-to-let proposition that works for the modern landlord and supports brokers with practical, criteria-led solutions”
– Tom Jacob – Foundation Home Loans
Intermediary-only specialist lender, Foundation Home Loans, has announced a series of updates to its complex buy-to-let range.
New fixed-rate options have been introduced alongside reduced rates and simplified fee structures across key segments, including HMOs, short-term lets, and mixed-use properties.
The changes aim to support landlords with more complex needs, such as financing properties above commercial premises, letting on a short-term basis, or purchasing mixed-use buildings, by offering greater flexibility, wider choice, and competitive pricing.
The updated products include:
Property Plus is designed for commercially adjacent standard buy-to-let properties requiring more flexible criteria around property type. Rates have been cut by 15 basis points (bps) on two- and five-year fixed options, now starting from 6.59% at 75% loan-to-value (LTV). A new five-year fixed-rate product has been introduced, priced from 6.49% with a 2.5% fee.
HMO Plus, aimed at more complex HMOs with up to six occupants or beds. Two- and five-year fixed rates have been reduced by 15bps, with rates starting from 6.69% at 75% LTV.
Short Term Lets Plus, for commercially adjacent properties let on a short-term basis without a standard assured shorthold tenancy (AST) but with affordability assessed using AST criteria. Two- and five-year fixed rates have been cut by 15bps, now starting from 6.74% at 75% LTV.
Mixed Use, covering properties with a mix of residential and commercial elements, such as flats above shops or buildings with attached offices or storage. Two new fixed-rate products have been added at 60% LTV for two- and five-year terms, with rates starting from 6.84%.
The existing 70% LTV two-year fixed rate has been reduced by 10bps to 7.29%. The product fee has also dropped by 0.5%, now set at 2.5% across all variants, including expat applications.
Foundation said these enhancements reflect the ongoing strength of the complex buy-to-let sector and the need to provide brokers with solutions suited to specialist property types and tenancies.
Additionally, rate reductions were applied to several buy-to-let Specials:
Five-year fixed Special Portfolio Landlord (6% fee) reduced by 10bps to 4.69%.
Two-year fixed Special for Limited Company HMO (3% fee) cut by 10bps to 4.54%.
Five-year fixed Special for Limited Company mixed-use freehold buildings (MUFBs), up to six units (3% fee), cut by 10bps to 5.39%.
Five-year fixed Special for Short Term Let Limited Company (4% fee) reduced by 25bps to 5.49%.
“We continue to enhance our complex buy-to-let offering in line with what brokers are seeing in the market,” said Tom Jacob, director of product and marketing at Foundation Home Loans. “The need for flexible, fairly-priced options is only growing among professional landlords, whether they are managing more complex HMOs, letting on a short-term basis or financing a mixed-use property. These latest changes underline our commitment to delivering a buy-to-let proposition that works for the modern landlord and supports brokers with practical, criteria-led solutions.”
