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.
At close of business on Wednesday 15th October, we’ll be withdrawing our current Holiday Let products, except for our Holiday Let Expat product, which will remain unchanged.
The products to be withdrawn are outlined below and these will be replaced the following day:
- 2-year fixed Holiday Let product at a rate of 6.64%, up to 75% LTV and a 2% fee
- 5-year fixed Holiday Let product at a rate of 6.34%, up to 75% LTV and a 2% fee
- Limited Edition 5-year fixed Holiday Let product at a rate of 6.09%, up to 75% LTV and a 2.5% fee
Any DIPs on the current products must be submitted by 5.30pm on Wednesday 15th October. DIPs submitted before 5.30pm on Wednesday 15th October, will secure the product for two working days.
DIPs must be converted to a Full Mortgage Application (FMA) and submitted before 5.30pm on Friday 17th October.
DIPs relating to the current products which have not been converted to an FMA and submitted by 5.30pm on Friday 17th October will no longer be valid.
All application fees and valuation fees must be paid within three working days of submitting of an FMA.
FMAs without their application fee or valuation fee paid by 5.30pm on the third working day after submission will no longer be valid.
Please convert existing DIPs to a full mortgage application as soon as possible.