"Following the launch last week of a limited edition buy-to-let product, we are following it up this week with the launch of two new residential fee-assisted limited edition 65% LTV products"
Available as part of its F1 product range – for borrowers with an almost clean credit history - a two-year fixed rate is available at 4.74% and a five-year fix starts at 4.99%, both up to 65% LTV.
The products also benefit from a free standard valuation, no application fee and a £795 product fee. They are available for owner-occupiers looking to purchase or remortgage, on either a capital and interest or interest-only basis for loans up to a maximum of £2 million.
The lender is currently working on a one-day service turnaround for reviewing new residential applications.
George Gee, managing director at Foundation Home Loans, said: “Following the launch last week of a limited edition buy-to-let product, we are following it up this week with the launch of two new residential fee-assisted limited edition 65% LTV products within our F1 range for owner-occupiers.
“These new two and five-year fixed-rate 65% LTV options allow us to consider loans up to a higher maximum loan level of £2m, plus they come with some extra benefits including a free standard valuation and no application fee.
“Specialist residential lending is showing strong demand at the moment and we believe these competitively-priced options, coupled with our excellent service standards, will make them attractive to our intermediary partners.”
