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 Wednesday 30th October at 5:30pm, we will be withdrawing selected products of our Residential and Solutions range to be replaced the next day.
The following Residential product is being withdrawn and not replaced:
- 75% and 80% LTV 2 Year Discount with a £995 Fee (Reversion-3.25% and 3.00%)
Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 30th October which will secure the product for 2 working days until 5.30pm on Friday 1st November.
The DIP must be converted to a full FMA and submitted before 5.30pm on Friday 1st November.
DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Friday 1st November 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.
BUY TO LET BY FOUNDATION SEMI-EXCLUSIVE
As of Thursday 31st October, Foundation Home Loans are pleased to have introduced a new Semi Exclusive available only to selected packager partners. The F1 5 Year Fixed ERC3 comes with a rate of 5.69% and a £2,995 fee. With ERC3, as the name implies, early repayment charges apply only for the first 3 years of the 5 year fixed term.
REDUCTIONS TO OUR RESIDENTIAL PRODUCTS BY UP TO 0.10% AND NEW SOLUTIONS PRODUCTS
As of Thursday 31st October, Foundation Home Loans are excited to announce rate reductions across our Residential product ranges
Residential Products:
- F1 EPC Saver 2 and 5 Year Fixed products reduced by up to 0.10%, with rates now starting from 5.79% with a £595 fee, one free EPC and £1,000 Cashback, up to 85% LTV
- F1 2 and 5 Year Fixed Green ABC+ products updated – please note one rate 5 Year Fixed at 75% LTV is reduced, other 3 products within the range are increased by 0.05%. All with a £595 fee and a one free standard valuation
- F1 2 Year Fixed rate reduced by 0.05% up to 80% LTV, with a rate now at 5.89% with a £995 fee
- F3 and F4 2 and 5 Year Fixed rates increased by up to 0.05%, rates now starting from 5.99% with a £995 fee up to 75% LTV
[view the new Residential product guide here]
In addition to these Residential changes we have also made the following improvements and additions to our Solutions by Foundation range
- NEW: S2 HMO Plus Expat 5 Year Fixed up to 75% LTV with a rate of 6.79% and a 2% fee
- NEW: S2 MPOT Expat 5 Year Fixed up to 75% LTV with a rate of 6.89% and a 2% fee
- S2 HMO Plus 2 and 5 Year Fixed products increased by 0.05%, rates now starting from 6.39% with a 2% fee up to 75% LTV
- S2 Mixed Use 2 and 5 Year Fixed products (including Expat product) increased by up to 0.10%, rates now starting from 7.04% with a 2.5% fee up to 70% LTV
[view the new Solutions product guide here]
PRODUCT WITHDRAWAL NOTICE
On Friday 1st November at 5:30pm, we will be withdrawing selected products from our Residential and BTL ranges, these products will not be replaced immediately.
This includes our Buy to Let and Residential Limited Edition products and our Buy to Let F1 Green product.
Any DIPs on the current products will need to be submitted by 5.30pm on Friday 1st November which will secure the product for 2 working days until 5.30pm on Tuesday 5th November.
The DIP must be converted to a full FMA and submitted before 5.30pm on Tuesday 5th November.
DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Tuesday 5th November 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