Foundation Home Loans, a specialist lender in the UK, has recently announced a reduction in its residential and buy-to-let mortgage rates by up to 90 basis points. This reduction is part of the company’s commitment to providing competitive rates to its customers.
The reduction in mortgage rates is expected to benefit both existing and new customers. Existing customers will be able to take advantage of the lower rates, while new customers will be able to benefit from the competitive rates when they apply for a mortgage.
For residential mortgages, Foundation Home Loans is offering a two-year fixed rate mortgage at 1.44%, which is a reduction of 90 basis points. This rate is available for loans up to 85% loan-to-value (LTV). The company is also offering a five-year fixed rate mortgage at 1.69%, which is a reduction of 70 basis points. This rate is available for loans up to 80% LTV.
For buy-to-let mortgages, Foundation Home Loans is offering a two-year fixed rate mortgage at 1.99%, which is a reduction of 90 basis points. This rate is available for loans up to 75% LTV. The company is also offering a five-year fixed rate mortgage at 2.29%, which is a reduction of 70 basis points. This rate is available for loans up to 70% LTV.
The reduced rates are expected to help customers save money on their mortgage payments and make it easier for them to purchase or refinance their property. The lower rates could also help first-time buyers get onto the property ladder more easily.
Foundation Home Loans has been providing specialist lending solutions since 2007 and has become one of the leading lenders in the UK. The company’s commitment to providing competitive rates and excellent customer service has made it a popular choice among borrowers.
The recent reduction in mortgage rates is just one of the many ways that Foundation Home Loans is helping its customers save money and make their dreams of owning a home a reality. With its competitive rates and excellent customer service, Foundation Home Loans is a great choice for anyone looking for a mortgage.