Foundation Home Loans has announced a refresh of its core buy-to-let (BTL) and owner-occupied product ranges, introducing a range of new products across both.

The specialist lender confirmed that its BTL changes cover all core products, as well as expat, large HMO, short-term let and green product options.

In its core BTL range, Foundation has introduced new F1 two and five-year fixed 75% loan-to-value (LTV) products – for clients with an almost clean credit history – with rates starting at 6.24%, and a fixed product fee of £1,995. It has also launched a new F1 large loan five-year fix 65% LTV product, available at 5.84% with a fixed product fee of £3,995. The lender’s minimum loan size for a large loan is £200,000 while maximum is £2m.

In its core owner-occupied range, Foundation has introduced new products in all tiers from F1 to F4. New products available include fee-assisted two and five-year fixes at 75% LTV for those for borrowers who just fall outside mainstream criteria. This offering has rates starting at 6.74% and a reduced fee of £795 with one free standard valuation and no application fee.

Furthermore, the lender has introduced new two-and five-year fixed-rate options within its professionals range, which offers a higher income multiple to those borrowers working with a range of eligible professions, with two and five-year fixed-rate options. The lender confirmed that these rates start at 6.49%.

Managing director (commercial) at Foundation, George Gee, said: “From the conversations we have with advisers, we know they are seeing an increasing number of borrower clients who come to them with specialist mortgage needs, be that complex incomes or multiple sources of income or low credit scores in the owner-occupied space, or limited company borrowing, specialist property purchase and remortgaging, or expats looking to add to their buy-to-let portfolios.

“Our aim here is to provide a wide range of product options to advisers active in specialist mortgages, and to offer a range of different rates, fee options, LTV levels, that should provide the solutions these borrowers want and need.

“We are here to support advisers with their specialist clients – both in the BTL and owner-occupied sectors – and given we have extremely strong service levels at present, now is the time to review our range and to see how they might fit with clients, taking advantage of all our ability to work quickly on your behalf.”

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