Foundation Home Loans cuts 85% and 90% LTV fixed rates

29 November 2021

Foundation Home Loans, the intermediary-only specialist lender, has today announced cuts to both two- and five-year fixed rates at higher LTVs within its residential F1 range for borrowers with complex income or near-mainstream credit.

The fixed rates see price cuts of 15 basis points at both 85% LTV and 90% LTV levels.

The two-year fixed rate at 85% LTV is cut to 3.84% and at 90% LTV to 4.64%; the five-year fixed rate at 85% LTV is cut to 4.04% and at 90% LTV to 4.84%.

These 85% LTV owner-occupier products come with a £995 fixed product fee, and the 90% LTV products come with no product fee. They are available to movers, remortgagers and first-time buyers alike.

George Gee, Commercial Director at Foundation Home Loans, said:

“We want to support intermediaries with competitive pricing choices, particularly at a time when many areas of the marketplace are seeing rates increasing or being withdrawn, and mortgage choices appear to be reducing for self-employed owner-occupiers or borrowers with complex income. We are therefore pleased to be able to introduce these residential price cuts of 15 basis points at higher loan-to-value bandings for near-mainstream borrowers.”

For more information on Foundation Home Loans, please visit: www.foundationforintermediaries.co.uk