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 – BUY TO LET BY FOUNDATION
On Wednesday 10th July at 5:30pm we will be withdrawing many of our BTL products, the majority to be replaced the next day.
The following product will be withdrawn but not replaced:
- F1 5 year Fixed Limited Edition with a 1.75% fee and a rate of 5.74% to 75% LTV
The products being withdrawn are:
- F1 2 Year Fixed with a 1.5% fee with a rate of 6.64% at 65% LTV and 6.69% at 75% LTV
- F2 2 Year Fixed with a 1.5% fee with a rate of 6.79% at 65% LTV and 6.84% at 75% LTV
- F2 2 Year Fixed Large Portfolio with a 1.25% fee with a free valuation and no application fee with a rate of 6.89% at 70% LTV
- F2 5 Year Fixed Large Loan with a 1.5% fee with a rate of 6.49% at 60% LTV and 6.59% at 70% LTV
- Standard HMO 2 Year Fixed with a 2% fee with a rate of 6.84% at 65% LTV and 6.94% at 75% LTV
- Short Term Let 2 Year Fixed with a 2% fee with a rate of 6.94% at 65% LTV and 7.04% at 75% LTV
- F1 2 Year Fixed £4£ Remortgage Only with a 1.5% fee and a rate of 6.74% at 75% LTV
- F2 2 Year Fixed £4£ Remortgage Only with a 1.5% fee and a rate of 6.89% at 75% LTV
Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 10th July which will secure the product for 2 working days until 5.30pm on Friday 12th July.
The DIP must be converted to a full FMA and submitted before 5.30pm on Friday 12th July.
DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Friday 12th July 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.