Residential by Foundation has announced the launch of limited edition, remortgage- only, Fee-assisted two- and five-year fixed-rate products.
Available within the Residential by Foundation core F1 range – for borrowers who just miss out on the mainstream due to historical credit blips – the new products are available up to 80% LTV at 5.84% for the two-year and 5.64% for the five-year fixed..
Each product comes with a reduced £595 product fee plus £350 cashback upon completion in addition to a free standard valuation and no application fee.
The new products follow recent rate cuts by Residential by Foundation to other products within its F1 range plus those for F2 borrowers – those who have recent credit blips.
Commenting on the remortgage product launch Foundation Home Loans director of product and marketing Tom Jacob said: “There are a significant number of existing mortgages due to mature between now and the end of the year, and advisers will be looking for options for remortgaging borrowers, especially those who may now miss out on the high-street due to credit issues sustained over the term of their last mortgage.”
He added: “These new fee-assisted, remortgage only Limited Edition products provide both two- and five-year fixed-rate mortgages at competitive pricing, available up to 80% LTV, and are part of a growing Residential range which includes options for professionals, key workers, joint borrower sole proprietor, and green mortgages, to name but a few.”
