"There is a significant number of mortgages due for maturity not just over the course of the rest of 2024 but also throughout 2025. "
- Tom Jacob, director of product and marketing at Foundation Home Loans
The residential and buy-to-let brands of Foundation Home Loans have announced the launch of new limited edition products.
Buy to Let by Foundation has launched a new F2 – for clients financing a more specialist property type – limited edition holiday let five-year fixed rate product. Available up to 75% LTV, the product has a rate of 6.24% and comes with a 2.25% fee.
This new product follows Buy to Let by Foundation’s relaunch last week of a range of specials with updated rates.
Residential by Foundation has also launched new F1 - for those borrowers who just miss out on the mainstream due to historical credit blips – limited edition remortgage-only two and five-year fixed rate products.
Available up to 65% LTV, the fee-assisted products have rates starting from 5.99% and come with a fixed £595 fee.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “Diversification of portfolios has continued to be a key priority for many landlord borrowers, particularly in areas such as holiday lets so we’re pleased to be launching a new limited edition product in this space which should help those seeking to either purchase or remortgage property for this purpose.
“Also, as we know, there is a significant number of mortgages due for maturity not just over the course of the rest of 2024 but also throughout 2025. These new limited edition remortgage-only products will suit those borrowers who are coming to the end of their current deals and, for whatever reason, just miss out on the mainstream.
“They will benefit from these fee-assisted options for both two- and five-year fixes and provide advisers with further specialist mortgage products to deliver positive outcomes for their clients.”
