Foundation Home Loans has enhanced its core buy-to-let (BTL) range with the launch of a new product in the 85% LTV space. Available to both individuals and limited companies, the specialist lender’s F1 BTL product start from 6.49% as a five-year fix with a minimum loan size of £100,000 and no product fee. There is no minimum income requirement and brokers will continue to benefit from Foundation’s same day DIP turnaround times. The product is designed to appeal to a wide range of borrowers, from first-time landlords to seasoned investors seeking to release equity or expand their portfolios.

BM Solutions has launched a new digital BTL services designed specifically for limited companies. The new service is set to streamline the lender's property investment process, making it quicker and simpler for both brokers and applicants. It also offers a range of self-serve tools to manage the mortgage throughout its life. The service offers upfront checks, with an updated rental income calculator, eligibility, ID verification, credit, property, Companies House and direct debit viability checks, performed up front to make applications quicker.

Market Harborough Building Society has relaxed its interest stress testing for residential cases up to £5m. As a result, many clients will see an increase in their maximum borrowing potential, including new borrowers, those looking to remortgage, expats and high net worth individuals. For example, clients with a household income of £100,000 looking for a residential repayment mortgage on a two-year discount rate could now borrow up to £55,000 more under the society’s new stress testing.

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