Foundation Home Loans has made new rate reductions of up to 0.70% across its owner-occupied range and up to 0.35% across its buy-to-let (BTL) range.

The specialist lender’s owner-occupied products refresh includes reductions across its F1 and F2 variable rate products, now starting at 5.99%.

Foundation has also announced reductions to its F1 green offering – which caters for borrowers with a property Energy Performance Certificate (EPC) of level C and above – and the lender’s two and five-year fixed rates now start at 6.24% with a flat fee of £995 and one free valuation.

In its BTL range, Foundation has introduced several rate reductions across its F1 and F2 products, including a new 65% LTV five-year fixed rate with a rate of 5.74% and a flat fee of £3,995, for large loans £200,000 and £2m. It has also cut rates on its green BTL five-year fixes, which come with a 1.25% fee, a free valuation, and no application fee, and rates starting at 5.89%.

Foundation’s latest product changes follow rate reductions to a number of its BTL and owner-occupier specials at the end of April, and managing director (commercial) at the lender, George Gee, said there is a “growing specialist borrower demographic”, in both the owner-occupier and BTL space.

“We remain committed to lending in these sectors and to ensuring advisers have access to a wide range of product choice including options for those with complex incomes, but also in terms of green mortgage availability, products for Professionals, and a range of others,” Gee said.

“Our current service levels are extremely fast and we’re here to support advisers as they seek to find the right solutions for their clients.”

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