FULL BUY TO LET RANGE REFRESH INCLUDING FEE REDUCTIONS UP TO 1% AND RATE CUTS UP TO 0.25% FROM FOUNDATION HOME LOANS

As of Thursday 26th August, Foundation Home Loans refreshes the entire core buy to let range with rate and fee reductions plus new flat-fee Short Term Let products.

1. Reduced percentage product fees on all 2-year fixed rate products to 1% (from 2%). The 2-year variable discount products (with no ERCs) including Green ABC are unchanged
2. Reduced percentage product fees on the 5-year F1 and F2 products (standard property) to 1.5% (from 2%)
3. Rate reductions across the range of up to 25bps
   
   
4. Introduction of new products for short term lets with flat fees

George Gee, Commercial Director at Foundation comments, “By improving the core product suite, we can offer even better value to a much broader range of our borrower types. With newly reduced fees, the total cost of the loan is now even more competitive for our products.”

As per previous communications, as part of this refresh, the remaining portfolio landlord ‘limited edition’ products are also withdrawn.