Foundation has launched new Limited Edition home refinancing products and interest rate reductions on its residential mortgages and buy-to-let (BTL) mortgages.
The lender has introduced new F1 Limited Edition remortgage-only residential products at a Loan-to-Value (LTV) of 65%, available on both a two- and five-year fixed rate basis.
The two-year fixed price is 6.09%, while the five-year fixed price is 6.24%.
Both products come with a £595 fee, a free standard valuation and no application fees.
In addition, the Foundation has implemented select rate reductions across its broader housing offering of 20 basis points.
This includes fixed rates for buyers or remortgages as well as remortgage only deals with cashback or paid legal advisors, plus the Foundation’s Key Worker, EPC Saver and Joint Borrower Sole Proprietor product options.
Foundation has also reduced prices across almost the entire BTL range by up to 25 basis points, with prices now starting at 5.14%.
Prices have been reduced on a range of F1, F2 and F3 buy to let properties including Standard, HMO, Large HMO, MUFB, Short Term Let, Holiday Let, Expats and Property Plus.
Foundation Sales director Grant Hendry said: “We have taken swift action to reflect the recent improvement in market conditions and have reduced almost all of our rates across both our residential and buy-to-let product ranges to ensure agents and their clients have access to strong and competitive prices.”
“The launch of our Limited Edition residential mortgage-only products is particularly important. These offer a simple, excellent solution with low upfront costs, which we know is a key priority for many borrowers right now.”
“At the same time, the broader reductions of up to 25 basis points for purchases and rentals and up to 20 basis points for residential property consultants across the board provide a strong range of options, whether they are working on simple cases or more complex specialist scenarios.”