Read more: ‘Buy to Let by Foundation’ introduces new five-year fix limited edition product
The F1 remortgage product is available at a rate of 6.59%, and the F2 at 6.74%, both at up to 75% loan-to-value (LTV). The options are available to both individual landlords and limited companies, with the minimum loan amount set at £50,000 and the maximum at £1.5 million. Each product carries a fee of 1.5%.
“We’re pleased to be able to launch these two new £4£ remortgage products for buy-to-let landlord borrowers who are not seeking to raise any additional borrowing,” said Tom Jacob (pictured), director of product and marketing at Foundation Home Loans.
“We hope to support landlords who are focused on maintaining their existing properties or portfolios by giving them additional remortgage product options with distinct criteria to consider. We’d urge advisers to contact us to see how we can help and support their landlord borrowers with these options, and the other core and specialist buy-to-let products we offer.”
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