Buy to Let by Foundation, the buy-to-let arm of Foundation Home Loans, has just announced some price cuts across their product range.

Big Cuts for Popular Products

The most exciting news? They’ve slashed rates on their popular F1 and F2 two-year fixed-rate products by up to 15 basis points. This means you could save on your monthly mortgage payments.

F1 and F2 Two-Year Fixed Rates:

• F1: For landlords with a good credit history, these rates now start at 6.49% with a 1.5% fee.
• F2: For landlords financing more specialist properties or those with some credit blips, these rates now start at 6.49% with a 1.5% fee.

More Savings on Remortgages

If you’re a landlord looking to remortgage, Foundation has cut rates on their F1 and F2 pound-for-pound remortgage products by up to 10 basis points.

• F1 and F2 Remortgages: Two-year fixed rates now start at 6.64% with a 1.5% fee.

Even More Savings Across the Board

The good news doesn’t stop there! Foundation has also reduced rates on other popular buy-to-let products, including:

• Large Portfolio Products: Two-year fixed-rate products now start at 6.79% with a 1.25% product fee.
• HMO Products: Two-year fixed-rate HMO products now start at 6.74% with a 2% fee.
• Short-Term Let Products: Two-year fixed-rate products now start at 6.89% with a 2% fee.

And a Sweet Deal for Large Loans

For landlords with larger loan requirements, Foundation has reduced the product fee on their F2 five-year fixed-rate large loan product to 1.25% for products up to 70% LTV.

What’s Driving These Cuts?

Tom Jacob, director of product and marketing at Foundation Home Loans, explains: “Advisers will have noted over the past few weeks in particular that the direction of travel on rates has been downwards.”