New BTL and commercial mortgage products launched

Foundation Home Loans has introduced five new limited edition buy to let mortgage products tailored for landlords seeking larger loans.

These offerings focus on expat landlords, houses in multiple occupation (HMOs), and multi-unit freehold blocks (MUFBs), featuring fixed fee structures and competitive rates.

The new range includes:

• F1 products: Aimed at landlords with near-pristine credit records, offering a five-year fixed rate at 5.19% (£4,995 fee, 75% LTV, minimum loan £200,000) and another at 4.99% (£7,995 fee, 75% LTV, minimum loan £300,000)
• F2 products: Designed for specialised properties, including a two-year fixed HMO loan at 6.34% (£4,995 fee, 75% LTV, minimum loan £200,000), a five-year fixed HMO loan at 6.14% (£4,995 fee, 75% LTV, minimum loan £200,000), and a five-year fixed MUFB loan at 5.64% (£4,995 fee, 75% LTV, minimum loan £200,000).

Foundation has also lowered the rate on its F1 expat two-year fixed mortgage by five basis points to 6.09% (75% LTV, 1.50% fee).

Tom Jacob, the lender’s director of product and marketing, said: “These new limited editions are designed to deliver real value to landlords seeking larger loans, while supporting brokers with options that address the complexity of modern buy to let lending.”

MT Finance unveils new commercial business

Meanwhile, MT Finance Group has launched a new commercial mortgage business, supported by a £2.5bn funding facility.

The venture aims to lead the commercial real estate lending market by offering a broad range of competitively priced products.

Building on its reputation for speed and flexibility in bridging and buy to let lending, MT Finance is looking to address an underserviced sector with strong demand.

Marylen Edwards, the director of mortgages at MT Finance, said: “We’ve identified a clear opportunity, in an underserviced sector, where demand remains strong.

“By launching now, we are strengthening our commitment to the introducer and borrower community.”

For assistance with any type of buy to let (BTL), property or commercial finance please complete the contact form below: