Foundation cuts BTL rates – Mortgage Strategy
Foundation has made rate reductions of up to 0.10% across selected buy-to-let (BTL) products and enhanced its holiday let product range.
Foundation’s BTL rates currently start at 4.99% at 75% loan to value (LTV).
Both two- and five-year F2 holiday let products have been reduced by 10bps, with rates now starting at 6.64% at 75% LTV.
Foundation director of sales Grant Hendry says: “Following our announcement just last week, we are pleased to announce further enhancements across our range, including rate reductions and a really exciting upgrade to our Holiday Let criteria.”
“This move strengthens what is already a very popular product range among intermediaries and their clients.”
Earlier today, NatWest and HSBC announced rate cuts, effective tomorrow.
