‘Buy to Let’ by Foundation has added products to its range covering larger houses of multiple occupancies (HMOs), multi-unit freehold blocks (MUFBs) and selected mortgages for expats.
Advisers will have access to new products covering these sectors via the ‘Buy to Let by Foundation’ online portal.
The lender has also launched a F1 five-year fixed-rate mortgage for expats, available up to 75% loan-to-value (LTV), with a rate of 5.99% and a 1.5% fee.
It has also added a F2 five-year fixed-rate mortgage for expat holiday lets, available up to 75% LTV, with a rate of 6.59% and a 2% fee.
The lender has also amended the rate on its F1 green expat five-year fixed-rate mortgage – for properties with an A-C energy performance certificate (EPC) – available up to 75% LTV to 5.99%. The product has a 1.25% fee but no application fee and comes with a free valuation.
The rate of the F2 expat standard, HMO and MUFB five-year fixed-rate mortgages, has been reduced by 0.5%, and starting at 6.09% while the F2 Large HMOs two- and five-year fixed-rate mortgages, has seen rates lowered by 0.4%, and starting at 6.19%, with a 2% fee.
F2 MUFBs two- and five-year fixed-rate mortgages, have had rates reduced by up to 0.3%, and starting at 5.99%, with a 2% fee.
Foundation Home Loans director of product and marketing Tom Jacob says: “The addition of larger HMOs, MUFBS and Expat products to our core ‘Buy to Let by Foundation’ range is a big step forward for the brand, providing access to a wider range of options for all landlord clients, but particularly those portfolio players who are looking to add or refinance such properties.”
