All Types of Mortgages Ltd (AToM) has announced a new packager exclusive product with Foundation Home Loans (FHL).
The five-year fixed rate product is priced at 3.49%. The rental calculation is 125% of the pay rate if it is in a limited company vehicle and 145% of the pay rate if is in a personal name.
There is a 2% arrangement fee on the deal which is available up to 75% LTV and a completion fee added up to a maximum 80% LTV.
Dale Jannels, managing director at AToM, said: “FHL have been a great lender for innovation with their products being attractive to professional investors as well as those new in to buy-to-let.
“This new offering really is superb. To offer a five year fixed rate at 3.49% and calculate rental coverage at 125% of pay rate, for buy-to-lets in a limited company name, is a fantastic proposition. Unsurprisingly, the phone is already busy and I doubt this product will be around for too long. We are grateful to have this opportunity and it’s another great offering for AToM’s increasing network and broker partners.
“Those using the new AToM Together system will know that with just one input, brokers can download all pre-populated application forms, source KFIs and full submission requirements to obtain this great product.”