Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Foundation Update

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. 

New Limited Edition Limited Company BTL Specials from Foundation Home Loans

Foundation Home Loans has launched a new set of Limited Edition, buy-to-let products with reduced product fees, exclusively for landlords purchasing or remortgaging through a limited company, as part of Foundation’s F1 range for borrowers who just miss out on mainstream credit scores.

The Limited Edition range contains both 2- and 5-year fixed rate options up to 65% and 75% LTV, with reduced product fees.

  • New Limited Edition rates start at 09% for a 2-year fix at 65% with a 1% fee and 3.19% for a large loan 5-year fix up to 65% LTV with a 2% fee.

Foundation’s BTL fixed rates are designed to support landlords looking for a more generous loan for their rent, as ICR is calculated using the pay rate with a 5-year fix or the notional rate of 5.5% for shorter rates and stress tested at only 125% for Limited Companies.

  • Maximum loan amount of £1.5m (65% LTV) and £1m (75% LTV)
  • Maximum loan on the large loan product at £2m
  • No limit to the borrower’s background portfolio size, subject to a maximum of £3m with Foundation.

George Gee, Commercial Director at Foundation Home Loans, said:

“These Limited Edition products, purely for those seeking finance via limited companies, now come with a reduced product fee which should make them more desirable for advisers and their landlord clients. The Foundation criteria remains exactly the same as we seek to support all those landlords either looking to add to portfolios or seeking refinancing.”

Additionally, since 7th January, all Foundation Home Loans products now operate on a rolling end date basis, so these products come with the benefit of the initial rate for the full term from completion.

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