As part of this product refresh, the intermediary-only lender has also launched four our new fee-assisted residential ‘specials’ up to 75% LTV.

In its BTL specialist range Foundation Home Loans has reduced its F1 five-year fixed rate ‘special’ portfolio landlord only product. Rates now start from 4.84%, with a 6% fee, available up to 75% LTV. This is a 5bps reduction.

In addition its has reduced its fee-assisted five-year ‘special’ portfolio landlord only option by 10bps. Rates on this mortgage, which has no application fee and one free valuation, start from 4.99% with a 5% fee, available up to 75% LTV.

All other BTL ‘specials’ have been reduced by 25 bps with rates for HMO fixed-rate products starting from 5.14% with a 3% fee.

In its residential range Foundation has reduced rates on its two-and five-year fee-assisted fixed-rate specials (on the F1 & F2 tier) by up to 30bps.  Rates start from 6.19% with a £795 fee, free valuation and no application fees, available up to 65% LTV.

Additionally, four new residential ‘specials’ have been launched in the F1 & F2 tiers, including two- and five-year fee-assisted fixed rate ‘special’ available from 6.29% up to 75% LTV. All these products come with a £795 fee, free valuation and no application fees.

Foundation says that it continues to focus on service levels, taking an average of just one day for cases to be reviewed by an underwriter.

Foundation Home Loans director of product and market Tom Jacob says: “With rates reduced by up to 0.30% and enhanced features such as no application fees and free valuations on selected products, we’re confident these changes will enable intermediaries to offer more attractive solutions to their clients, helping them secure the best possible outcomes in today’s dynamic market.”

He adds: “At Foundation Home Loans, we’re committed to providing our intermediary partners with competitive and versatile product options that meet the evolving needs of their clients.”