Foundation Home Loans launch ‘Festive Five-Year Fixed Rate Special’ for landlords

10 December 2021

Foundation Home Loans, the intermediary-only specialist lender, has launched a new ‘Festive Fixed Rate Special’ at just 3.04% for 5 years, for landlord borrowers.

The five-year fixed-rate has a flat product fee of £1,995 and is available for both purchase and remortgage mortgage loans between £250k and £1m, for buy to let, limited company buy-to-let customers, and portfolio landlords alike.

The ICR is calculated at the pay-rate of 3.04% for this five-year fix, stress tested at 125% for limited companies and basic-rate taxpayers and 145% for all other borrower types.

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

“’Tis the season to be jolly and at Foundation we want to sprinkle a little joy throughout December with the launch of this new ‘Festive Fixed Rate Special’. This fits within our F1 range for those landlords with near-mainstream credit who are looking for larger loan sizes between £250k and £1m.

“As this product, much like the festive season, unfortunately won’t be around forever, we would urge advisers to contact us if they have suitable clients.”

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