Foundation Home Loans’ buy-to-let (BTL) brand, Buy to Let by Foundation, has launched a fee-assisted limited-edition product.
Buy to Let by Foundation’s product will be available in its F1 range, which is for people with an almost clean credit history.
It is a five-year fixed rate at 5.94% up to 75% loan to value (LTV) and comes with a 1% fee.
The product also comes with a free standard valuation and no application fee.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “Fee-assisted options often prove very popular with those landlords who want to both minimise their upfront costs and not necessarily add a significant fee amount to the overall loan.
“At the same time, with a free standard valuation and no application fee to pay, this is a very competitive total cost and one we’re sure will be popular with those landlords either seeking to purchase or remortgage at this time.”
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Last month, Buy to Let by Foundation relaunched its range of Specials with updated rates.
