Foundation 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.
New Like-for-Like Remortgage Product – 3.99% 2-Year Fixed with 125% Pay Rate Calculation
I wanted to make you aware of a brand-new Like-for-Like Remortgage option that has just launched and offers landlords another highly competitive route to securing a 2-year fixed rate.
Product Highlights:
- 2-Year Fixed Rate: 3.99%
- Arrangement Fee: 4%
- Application Fee: £0
- Free Valuation
- 125% Rental Calculation at Pay Rate
With market data continuing to indicate that 2-year fixed products remain a preferred choice for many landlords, this latest addition helps broaden the options available to clients who are refinancing existing properties.
PRODUCT WITHDRAWAL NOTICE
On Tuesday 7th July at 5:30pm, we’ll be withdrawing the majority of our Buy to Let products to be replaced the next day.
Any DIPs on the current products must be submitted by 5.30pm on Tuesday 7th July. DIPs submitted before 5.30pm on Tuesday 7th July, will secure the products for two working days, up to 5.30pm on Thursday 9th July.
DIPs must be converted to a Full Mortgage Application (FMA) and submitted before 5.30pm on Thursday 9th July.
DIPs relating to the current products which have not been converted to an FMA and submitted by 5.30pm on Thursday 9th July will no longer be valid.
All application fees and valuation fees must be paid within three working days of submitting 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.