Foundation Home Loans has cut the product fees on three of its “limited edition” limited company buy-to-let (BTL) products.
The intermediary-only specialist lender confirmed its F1 two-year fixed rate at 2.99%, as well as its F2 HMO two-year fixed-rate at 3.34% – both up to 75% LTV – now have 0.75% product fees, which formerly sat at 1%.
The lender’s F1 five-year fixed rate at 3.24%, up to 75% LTV, also now comes with 1% product fees, which was formerly 1.5%.
Foundation suggested these new fees represent up to 1.25% off the lender’s standard BTL product fees and all three products are available for loan amounts between £200,000 and £1m. The lender revealed that it will welcome portfolio landlords and has no limit to the background portfolio size for each borrower, subject to a maximum of £3m.
“Cutting the fees on the products allows us to provide an ultra-competitive limited company offering to those landlord borrowers utilising these vehicles to either purchase or remortgage,” commented Foundation commercial director, George Gee.
“We’re acutely aware that landlords want to keep such costs as low as possible and coupled with the compelling rates and criteria – particularly around loan size, background portfolio and ICR – we believe we are offering an excellent range of options to these borrowers.
“We continue to look at all aspects of our proposition to ensure it is tailored to adviser and landlord client needs and would urge all those active in this sector to speak with us to see how we can support their advisory services.”
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories