Foundation Home Loans has today announced a series of product enhancements across its complex buy to let range, introducing new fixed-rate options, cutting rates, and simplifying fee structures across key property segments including HMOs, short term lets, and mixed-use properties.
The changes are designed to support landlord clients with more complex needs such as financing properties above commercial premises, letting on a short-term basis, or purchasing a mixed-use building, by offering greater flexibility, wider choice and competitive pricing.
The updated products include:
- Property Plus, for commercially adjacent standard buy to let properties requiring more flexible criteria around property type – rates have been cut by 15 basis points (bps) on two- and five-year fixed-rate options, now starting from 6.59% at 75% LTV. A new five-year fixed-rate product has also been added, priced from 6.49% with a 2.5% fee.
- HMO Plus, for more complex HMOs with up to six occupants or beds – two- and five-year fixed-rates reduced by 15bps, with rates starting from 6.69% at 75% LTV.
- Short Term Lets Plus, for commercially adjacent properties being let on a short-term basis without a standard AST but with affordability assessed using AST criteria – 15bps rate cut applied to two- and five-year fixed-rate options, now starting from 6.74% at 75% LTV.
- Mixed Use, for properties with a mix of residential and commercial elements such as flats above shops or buildings with attached offices or storage – two new fixed-rate products added at 60% LTV (two- and five-year), with rates starting from 6.84%. The existing 70% LTV two-year fixed-rate has also been cut by 10bps to 7.29%. The product fee has reduced by 0.5% and is now set at 2.5% across all variants including expat applications.
Foundation said the enhancements reflected the continued strength of the complex buy to let sector and the importance of providing brokers with product solutions that accommodate more specialist property types and tenancies.
In addition to the complex product updates, Foundation has made rate reductions to a number of its buy to let Specials:
- Five-year fixed-rate Special Portfolio Landlord (6% fee) – cut by 10bps to 4.69%.
- Two-year fixed-rate Special for Limited Company HMO (3% fee) – cut by 10bps to 4.54%.
- Five-year fixed-rate Special for Limited Company MUFBs (maximum of six units, 3% fee) – cut by 10bps to 5.39%.
- Five-year fixed-rate Special for Short Term Let Limited Company (4% fee) – cut by 25bps to 5.49%.
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, commented:
“We continue to enhance our complex buy to let offering in line with what brokers are seeing in the market. The need for flexible, fairly-priced options is only growing among professional landlords, whether they are managing more complex HMOs, letting on a short-term basis or financing a mixed-use property. These latest changes underline our commitment to delivering a buy to let proposition that works for the modern landlord and supports brokers with practical, criteria-led solutions.”
