Buy to Let by Foundation has rolled out a special, limited edition mortgage product designed specifically for those looking to invest in the rental market. This new two-year fixed rate buy-to-let (BTL) mortgage aims to enhance the company’s existing selection of landlord-friendly financing options.

Key Details of the Offer

The newly launched F1 limited edition BTL mortgage boasts a competitive headline rate of 5.79%, applicable up to a loan-to-value (LTV) ratio of 75%, alongside a 1% fee. What makes this offer stand out is its availability not only to individual investors but also to limited companies, with the opportunity to borrow up to a whopping £1.5 million. Whether you’re looking to purchase a new property or remortgage an existing one, this product is designed to cater to a broad range of landlord needs.

A Response to Market Demand

This strategic move comes on the heels of Foundation Home Loans’ introduction of two innovative HMO (Houses in Multiple Occupation) mortgage products, targeting first-time landlords. According to Tom Jacob, the Director of Product and Marketing at Foundation Home Loans, “We are seeing a sustained appetite for two-year fixed rate products as a variety of landlords are looking to secure competitive rates which also offer them an opportunity to reappraise the market in the near future. The introduction of this limited edition two-year fix will help provide additional choice within what remains an active marketplace. In addition, improved stress rates on the rental cover calculation required for our sub-five-year BTL rates mean that this product will now be more accessible to a greater number of landlords based on their rental income. A combination which should prove highly beneficial to our intermediary partners and their landlord clients.”