Foundation Home Loans has updated its range across the direct to lender and packaged range. Brilliant Solutions offers fees free packaging across the range as well as direct to lender access with payment on completion.
Foundation Home Loans – BTL Refresh – 17 Feb 22
Foundation Home Loans will re-fresh it’s current BTL & Limited Company products on the morning of 17 Feb 2022.
We will withdraw 50 products; 24 of which will be re-launched with new rates, short-codes and some with updated fees.
There is also a new product; F1 2 year discount at 80% LTV being launched for BTL & Individuals.
FOUNDATION HOME LOANS RATE CHANGES ACROSS BTL RANGE
Foundation Home Loans have today made some changes to their BTL products, withdrawing most of the 65% LTV products, repricing several 75% LTV fixed rates and also reducing their F1 2-year 75% LTV discount rate by 1.15% to 2.49%, as well as introducing a new 80% LTV 2-year discount product.
New discount product:
- New F1 2-year discount, 80% LTV at 2.99% (reversion – 2.50% discount)
- No ERCs
- For both purchases and remortgages
- Maximum loan size of £500k at 80% LTV
- 2% fee
To find out more about Foundations buy to let products, contact us today.
Why use Foundation for your next BTL case?
Who for?
- Individual or limited company
- Limited companies with complex structures
- Up to 4 directors
- Newly incorporated limited companies acceptable
- No minimum term of employment/self-employment and no minimum income
- Products for first time landlords
- Ex-pats considered for limited companies only
How much?
- Up to 80% LTV on core range
- Loans up to £2m on core range
- ICR of 125% for limited company borrowers and basic rate taxpayers and 145% for
others - No limit to portfolio size, subject to maximum borrowing of £5m with Foundation
What for?
- Specialist properties such as HMOs, short term lets and Multi Unit Blocks
- HMOs: up to 8 bedrooms and MUBs: up to 10 units
- Green Mortgages available for purchase and remortgage