Foundation Home Loans, the intermediary-only specialist lender, has today launched two new fee assisted Limited Edition residential products.
Available as part of its F1 product range – for borrowers with an almost clean credit history – the fixed-rate products, both offered up to 65% LTV, come with rates of 4.74% for the two-year, and 4.99% for the five-year.
The products also benefit from one free standard valuation, no application fee and a £795 product fee. They are available for owner-occupiers looking to purchase or remortgage, on either a capital and interest or interest-only basis for loans up to a maximum of £2 million.
Foundation said it is launching new Limited Edition products such as this so advisers and their clients can benefit from its current strong service levels. The lender is currently working on a one-day service turnaround for reviewing new residential applications.
George Gee, Managing Director (Commercial) at Foundation Home Loans, said: “Following the launch last week of a Limited Edition buy-to-let product, we are following it up this week with the launch of two new residential fee assisted Limited Edition 65% LTV products within our F1 range for owner-occupiers.
“These new two- and five-year fixed-rate 65% LTV options allow us to consider loans up to a higher maximum loan level of £2m, plus they come with some extra benefits including a free standard valuation and no application fee.
“Specialist residential lending is showing strong demand at the moment and we believe these competitively-priced options, coupled with our excellent service standards, will make them attractive to our intermediary partners.”