Foundation Home Loans has launched a special product for short-term LET purchases (BTL).
The new product includes F1 special portfolio landlords with a fixed interest rate of 4.39% for only five years and an 8% fee. This is a loan size of £2 million, up to 65% of loan-to-value (LTV).
In addition, lenders have added F2 short term, with a special two-year fixed interest rate of 6.09% at 75% LTV, with a fee of £1,995, which is equivalent to 5.74% at 75% LTV, with a fee of 4%.
Elsewhere, Santander has launched a re-loan range of purchases (BTL), with interest rates for all 60%, 65% and 75% of LTV fixes set to be reduced by 0.15%.
The lender also announced that it will withdraw 70% of its LTV BTL to return to a fixed interest rate.
Due to market conditions, Santander said LTV fixed rates for FTB, Home Mover, New Build and Remortage were lower and increased by up to 0.13%.
For product transmission, most BTLs have a 0.10% reduction in LTV fixation rates for 60% to 75%.
Meanwhile, the seven-year fixed interest rate for residential properties has increased by 0.06%.
Earlier today, Clydesdale Bank announced that it would hike up to 25 basis points on many products.
