Foundation Home Loans has revised its buy-to-let range with new first-time landlord products.
New five-year fixed rate options will now be made available, starting at 3.59%, offering first-time landlords the opportunity for longer term stability on their initial investment.
Existing early repayment charges for two-year fixed rate deals have been be reduced to 3% and 2%, aligning the rates with the offerings available from the two-year standard and specialist range.
New first-time landlord rates are as follows:
| FTL Products | LTV | Rate |
| Two-year fixed | 65% | 3.19 |
| 75% | 3.39 | |
| Five-year fixed (new) | 65% | 3.59 |
| 75% | 3.79 |
Jeff Knight, marketing director at Foundation Home Loans, said: “Deciding to become a landlord for the first time can be daunting, so in an industry increasingly focused on portfolio landlords it’s important not to forget those just starting out.
“Our approach aims to cater to all borrowers, whatever their portfolio size, but we are pleased to be able to offer first-time landlords more options.”