The product is a 3.39% five-year fix available up to 75% LTV and comes with a 1.5% product fee.
It offers one free standard valuation with no application fee to pay.
The specialist lender’s portfolio landlord criteria includes no limits to portfolio size — subject to maximum borrowing of £3m — and no requirement for business plans or asset and liability statements.
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Jeff Knight, director of marketing at Foundation Home Loans (pictured above), said: “We are seeing a strong growth in demand from portfolio landlords and this new product is designed to support their activities, whether they are looking to purchase or seeking refinance.
“Minimising upfront costs is often a priority for such clients, so with this new ‘special’ we have kept those costs purposefully low, while providing payment certainty over a five-year term.
“For professional landlords, and their advisers, using a lender that is immersed in the sector and understands their specific – and often complex – needs is absolutely vital.
“This is why we have the specialist knowledge and drive to deliver what landlords need in order to help them develop and grow their portfolios.”
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