MD Jeff Knight says the lender has acted on feedback from intermediary partners in launching a five year fixed rate limited edition offer on its buy-to-let standard range.
The offer is aimed at experienced landlords with two options: a 2.99% fixed rate with a 2% arrangement fee or a 3.39% fixed rate with a flat fee of £995, both at 65% LTV. It is available to both individuals and limited companies.
Mr Knightsaid: “These Limited Edition products are based on feedback from our intermediary partners, and designed to offer choice with the two 5 Year Fixed rate alternatives. With the rental calculation based on the pay rate, these products will be appealing to experienced landlords, including Limited Companies and those with large portfolios.”
Foundation Home Loans is a specialist lender, available only through intermediaries and designed for clients with more complex needs. It has also now launched its residential product range in addition to its established buy-to-let proposition.