The new products covering these sectors are accessible to brokers via the ‘Buy to Let by Foundation’ online portal.
Two new products for expats have been launched, as well as a number of new rates on existing products, including HMO and MUFB five-year fixed-rate mortgages, with rates reduced by 0.5%, and starting at 6.09%.
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“The addition of larger HMOs, MUFBS and Expat products to our core 'Buy to Let by Foundation’ range is a big step forward for the brand, providing access to a wider range of options for all landlord clients, but particularly those portfolio players who are looking to add or refinance such properties.
“We’re aware of many professional landlords with substantial portfolios who either have HMOs or MUFBs already, or are looking to purchase, or indeed are looking to change existing properties to higher-yielding, multi-tenanted ones.
“Adding these to our range, widens the options in such areas, plus we have added specific Expat borrower products covering both traditional lets but also holiday, HMO and MUFB as well. Overall, we believe these new additions will be welcome news for advisers active in the buy-to-let space as we seek to support the ongoing wants and needs of the landlord population.”
