Buy to Let by Foundation has implemented interest rate cuts of up to 0.5% for tiers F1, F2 and F3.
F1 and F2 two- and five-year fixed rates have been reduced by up to 0.35% and are now available from 5.29% (1.5% fee) up to 80% LTV (loan-to-value ratio), while F2 holiday rental two- and five-year fixed rates are available from 6.19% (2% fee) up to 75% LTV. 
The F2 House of Multiple Occupancy (HMO) Limited Edition five-year fixed rate is now available at 5.74% with a discounted rate of £2,995 (previously £4,995) up to 75% LTV.
Meanwhile, the F1 ERC3 five-year fixed rate, which comes with an ERC for the first three years only, has seen its interest rate reduced by 0.20% to now stand at 5.79% (1% fee), and is available up to 75% LTV.
F1 and F2 green fee subsidised five-year fixed rates have also been reduced by up to 0.20% and are now available from 5.44% (with a 1.25% fee) up to 75% LTV.
Foundation Home Loans' BTL brand has also reduced interest rates on a range of other products, including fee subsidised mortgage refinance only, Energy Performance Certificate (EPC) Saver (with one free EPC and £1,000 cashback), HMO fee subsidised and short term letting with fee subsidised options.
Tom Jacob, product and marketing director at Foundation Home Loans, said: “This rate reduction on our flagship home loan product, buy-to-let, covers a broad range of all borrower segments and the many product options we offer, including limited edition mortgages and sector-specific mortgages such as HMOs, holiday leases and short term leases.”
“Every individual property and borrower’s needs are different, and with an increasing number of borrowers seeking specific property types with higher potential for higher yields, it’s vital that advisors have access to the widest possible range of product solutions for their clients.”
“These rate cuts are substantial – up to 50 basis points in some cases. We've also reduced fees, notably reducing our HMO limited five-year fixed rate by £2,000.”
