Updated rates for specialist BTL from Foundation

Foundation Home Loans are making a number of rate reductions across all BTL product tiers and property types from Thursday 17^th September for limited company and individual landlords.

• Up to 60bps on selected BTL 5-year rates;
• Up to 30bps reduction on some 2-year fixed rates;
• All product end dates extended to 31^st January in the respective year (2023 or 2026).

View the latest guide here or find your Area Manager here.

The highly-competitive 5-year rates are designed to support landlords looking for a more generous loan for their rent, as Foundation ICR is calculated using the pay rate with a 5 year fix or the notional rate of 5.5.% for shorter rates and at only 125% for Limited Companies and basic rate tax payers.

• Available to for individuals as well as limited companies
• A range of specialist property types including Short Term Let and HMO (up to 6 occupants) and large HMO (up to 8 bedrooms)
• Clients who just miss out on mainstream credit scores

As part of this product change, Foundation will be withdrawing their 2-year flat fee products and their F2 discounted variable rates on Wednesday 16^th September at 7pm.

Register with Foundation here to receive full details of all new rate launches and withdrawals.