Foundation issues BTL offering through L&G

Foundation Home Loans has launched a new buy-to-let product, available through Legal & General Mortgage Club.

The new offering is a 75 per cent five-year fix at 3.19 per cent for portfolio landlords. The product has a maximum loan value of £750,000 and a 1.5 per cent application fee.

This follows Foundation Home Loans launching a new BTL product through PMS Mortgage Club and Sesame Network earlier today.

Legal & General Mortgage Club head of lender relationships Danny Belton comments: “Legal & General Mortgage Club has been working very closely with Foundation Home Loans to develop this offering.

“Foundation Home Loans have been committed to building a strong BTL proposition and we are excited to bring this exclusive product to market and to our key partners.”

Foundation Home Loans commercial director Andrew Ferguson adds: “We are keen to broaden the options available to meet the growing demand we are seeing.

“Our exclusive product has been developed with Legal & General Mortgage Club to identify and provide greater products for advisers and their portfolio BTL clients.”

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