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.
PRODUCT WITHDRAWAL NOTICE
On Tuesday 13th February at 5:30pm we will be withdrawing our core range 2 year fixed rate residential products. Our 2 year fixed Specials and all 5 year fixed products will continue to be available.
Any DIPs on the current products will need to be submitted by 5.30pm on Tuesday 13th February which will secure the product for 3 working days until 5.30pm on Friday 16th February.
The DIP must be converted to a full FMA and submitted before 5.30pm on Friday 16th February.
DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Friday 16th February will no longer be valid.
All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application.
FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.
Please convert existing DIPs to a full mortgage application as soon as possible.
Please convert existing DIPs to a full mortgage application as soon as possible.
Product withdrawal notice
On Wednesday 14th February at 5:30pm we will be withdrawing the majority of our Buy to Let and Solutions products to be replaced the next day.
Buy to Let Special products will be unchanged.
Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 14th February which will secure the product for 3 working days until 5.30pm on Monday 19th February.
The DIP must be converted to a full FMA and submitted before 5.30pm on Monday 19th February.
DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Monday 19th February will no longer be valid.
All Application fees and Valuation fees must be paid within 3 working days of the submission of a Full Mortgage Application.
FMAs which do not have their Application fee or Valuation fee paid by 5.30pm on the 3rd working day after submission, will no longer be valid.
Please convert existing DIPs to a full mortgage application as soon as possible.
NEW RESIDENTIAL PRODUCT GUIDE
LARGE HMO WITH 10 ROOMS NOW UP TO 75% LTV PLUS NEW STRESS RATES!
As of today, Thursday 15th February, Foundation Home Loans have improved affordability for shorter term Buy to Let products by lowering their notional stress rate from ‘the higher of 8% or pay rate+2%’ to ‘the higher of 6% or pay rate+2%’ (Fixed rates of 5 or more years continue to be calculated at the pay rate).
Foundation Home Loans now have new rates across their entire BTL and Solutions ranges.
Buy to Let by Foundation:
- 2 Year Fixed rates now starting from 6.29%
- 5 Year Fixed rates now starting 5.89%
- Large Portfolios (£5m+) now starting from 6.29% to 70% LTV
- Short term lets from 6.24% to 65% LTV
Check out the latest product guides today.
Solutions by Foundation:
- Borrowing now permitted up to 75% LTV on large HMOs up to 10 bedrooms (was previously 8) with rates starting from 6.49% with a 2% Fee
- Large HMO (unlimited bedrooms) 5-year fixed rates now starting from 6.39% to 65% LTV
- Mixed-use (Part-commercial) starting from 6.99% for 2 years
Check out the latest product guides today.