Foundation has brought back a two-year pound-for-pound buy-to-let remortgage at 3.99 percent and cut product transfer pricing by up to 0.25 percentage points, giving landlords a clearer refinancing option at a point when many are avoiding extra borrowing.
The move stands out because it speaks directly to a market where landlords still want to refinance, but are less willing to stretch loan sizes while rate expectations remain unsettled. In other words, lenders are adjusting to caution rather than waiting for confidence to bounce back.
For landlords, that makes this less a headline rate story than a signal about borrower behaviour. If lenders are reviving remortgage-only options and sharpening transfer pricing, they are responding to clients who want cost control and flexibility more than expansion.
Remortgage-only option returns at 75 percent LTV
According to Mortgage Solutions, the revived Foundation deal is a two-year fixed remortgage-only product available up to 75 percent loan to value, priced at 3.99 percent with a 4 percent fee, a free standard valuation and no application fee. The lender also said affordability would be assessed at 125 percent interest cover for all applicants.
That is a specific proposition for landlords who want to refinance without raising capital. In practical terms, it suits borrowers who are rolling off older fixes but do not yet want to take a bigger exposure while swap rates and broader economic signals remain mixed.
This follows Landlord Knowledge’s recent report on cashback-led remortgage competition and earlier coverage of Foundation’s specialist buy-to-let product changes. The latest announcement suggests lenders are pushing harder on refinancing retention and switch business, rather than relying only on fresh purchase demand.
Product transfer cuts show the remortgage battle is still live
Foundation also cut rates across residential and buy-to-let product transfer deals by as much as 0.25 percentage points. That matters because it points to a more competitive fight for existing borrowers at a time when many landlords are weighing the value of staying put against the cost and admin of remortgaging elsewhere.
Grant Hendry, director of sales at Foundation, said the product had been brought back to reflect today’s market, with many landlords looking to refinance but not increase borrowing. He said the changes were intended to offer a practical solution, backed by affordability treatment and fee-assisted incentives that reduce upfront remortgage costs.
The wider landlord takeaway is straightforward. Lenders can see that many borrowers still want movement on price, but not necessarily bigger loans. That makes product design more important than simple headline-rate marketing, especially for landlords managing portfolio cash flow ahead of future regulatory and tax pressure.
Landlords can review Foundation’s current buy-to-let product guide for the live range and criteria.
What this means for landlords
- If you’re remortgaging: lenders are starting to price more aggressively for borrowers who want to refinance without taking extra debt.
- If you’re comparing a transfer with a remortgage: product transfer cuts mean the cheapest option may now come from your existing lender, not automatically from the wider market.
- Watch for: whether other specialist lenders answer with more fee-assisted or lower-ICR remortgage options this month.
- Bottom line: this is a sign that the buy-to-let refinance market is becoming more tactical, with lenders shaping products around landlord caution.
Editor’s view
Landlords do not need another abstract promise that conditions will improve soon. What matters is whether lenders are willing to build products for the market as it is, and Foundation’s move looks like a clear example of that.
Author: Editorial Team – UK landlord & buy-to-let news, policy, and finance
Published: 03 July 2026
Sources: Foundation, Mortgage Solutions
Related reading: Foundation brings back Property Plus for specialist BTL
