PMS Mortgage Club and Sesame Network have launched an exclusive new buy-to-let mortgage for its members via Foundation Home Loans (FHL).
The deal is priced at 3.24% fixed for five years and is available for limited company landlords through the Foundation Home Loans F1 product range. The exclusive product is available up to 65% LTV and comes with a £1,995 arrangement fee.
Jane Benjamin, director of mortgages at Sesame and PMS, said: “We are very pleased to be partnering with Foundation Home Loans to provide our PMS and Sesame members with access to this new buy-to-let exclusive.
“We have seen significant growth in our buy-to-let limited company lending over the past 18 months, and we believe that this competitively priced product from Foundation Home Loans will be attractive to our members’ landlord clients.”
Andrew Ferguson, commercial director at Foundation Home Loans, added: “With landlords increasingly likely to use limited company vehicles to purchase new properties, we believe this new exclusive buy-to-let product will appeal to both PMS and Sesame’s advisers and their clients.
“Since the taxation and regulatory changes were introduced, the growth in demand for limited company buy-to-let has been significant, and Foundation has developed a range which is accessible and competitive for limited company landlords who wish to purchase or refinance.
“This specific product also has the added benefit of a fixed fee, which should appeal to those purchasing higher-priced properties. At the same time we are continuing to develop our systems and processes to make it easier to place cases and business with us.
“We will continue to work with our trusted partners to see how we can support their buy-to-let offering and to ensure that Foundation is a leading player in this highly competitive sector.”