Foundation Home Loans has reintroduced its Buy-to-Let Specials range, featuring competitive rates effective from 12th November 2024.
- These offerings cater to both portfolio and individual landlords, including Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs).
- Two tiers are available: F1 for clients with near-clean credit histories and F2 for those with specialised property needs or some credit issues.
- Exciting product features include two- and five-year fixed-rate options with varying fees and loan-to-value ratios.
- Foundation Home Loans aims to provide advisors with a broad spectrum of choices to meet diverse landlord requirements.
Foundation Home Loans has announced the relaunch of its Buy-to-Let Specials range, which is set to offer fresh opportunities for landlords and property investors. Effective from 12th November 2024, the revised range introduces competitive rates that could attract a broad array of clients. These offerings specifically target portfolio landlords, individual landlords, and those managing Houses in Multiple Occupation (HMOs), as well as Multi-Unit Freehold Blocks (MUFBs).
There are two distinct tiers within this offer. The F1 tier is designed for clients who possess a near-clean credit history, making it an appealing option for many standard cases. Meanwhile, the F2 tier caters to those who are investing in specialist properties or have experienced some credit-related issues, allowing them to benefit from tailored financing solutions.
Key product highlights include a two-year fixed-rate special starting from 4.74% with an associated 4% fee, applicable to both 65% and 75% loan-to-value (LTV) ratios. For those interested in longer-term stability, the five-year fixed rate for portfolio landlords begins at 5.19%, subject to a 6% fee and available for the same LTV proportions. Additionally, fee-assisted five-year fixes start at 5.39% with a 5% fee, offering flexibility to meet various financing scenarios.
The F2 tier presents two- and five-year fixed-rate options for standard HMOs and MUFBs, with rates beginning at 5.29% and a 3% fee, compatible with the standard loan-to-value ratios. These structured options facilitate greater choice and adaptability for investors navigating the property market.
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, highlights the strategic intent behind this relaunch. “These relaunched buy-to-let specials are not just available across two of our tiers but also cover a number of borrower and property types, with different terms, LTVs, and fee structures.” He further elaborates on the timing, indicating that with recent fiscal clarity post-budget, there is anticipated growth in activity from landlords looking to re-evaluate their financial plans. Jacob expresses confidence that these products will empower financial advisers to better support their clients in making informed investment decisions.
Foundation Home Loans’ reintroduced range offers adaptable and competitive options for landlords amidst changing fiscal landscapes.
