Foundation Home Loans unveils new semi-exclusive buy to let range

Foundation Home Loans has chosen Mortgages for Business to market its brand new semi-exclusive range of buy to let products.

Launched today, the latest products from Foundation Home Loans are available for purchase and remortgage and can only be accessed through a select few brokers including Mortgages for Business.

The new range includes fixed rate options of two, three and five years for 65% and 75% LTVs, as well as variable rates from 3.31%.

The new 65% LTV products include a two year fixed rate of 3.44%, a three year fixed rate at 3.74% and a five year fixed rate at 4.29%.

The 75% LTV fixed rates start at 3.69% for two years, 3.89% for three years and 4.39% for five years.

Other features include a free property valuation, free legals up to £399, no early repayment charges and an arrangement fee of 2% which can be added to any loan up to 80% LTV.

Paul Brett, business development director at FHL, said:

“This package is designed to accommodate a wide range of landlord requirements.

From those who want to lock into attractive rates ahead of an expected rate rise, first time landlords taking their first steps on the BTL ladder and more experienced practitioners wanting to keep upfront costs to a minimum by taking advantage of the free valuation and free legals package.”

Jeni Browne, head of regulated and buy to let lending, Mortgages for Business, added:

“FHL’s new buy to let range offers our clients a wonderful choice of products, which successfully meet their diverse and varied requirements.

FHL is consistently reviewing its offering, so as to be able to enhance its products and stay ahead of the game and I know our clients will not hesitate in taking advantage of this latest range.”


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