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.
YOUR CURRENT FHL EXCLUSIVE – SEMI-COMMERCIAL, BUY TO LET
As one of our selected Packager partners, you have exclusive access to our range of semi-commercial mortgages – for properties with combined Residential and Commercial use where the residential valuation and rental income are in excess of 60% of the property total
Criteria at a glance – Semi-commercial mortgages
- Maximum loan up to £3 million
- Max LTV 70% LTV
- Rental income over £100k acceptable across F2 Extra products on a common law tenancy (not AST)
- Expat options available
- Short- and long-term fixed rate options available
Do you have a landlord client with semi-commercial properties in their portfolio?
For rates and further detail, visit Foundation Home Loans Semi-Commercial here.
Product withdrawal notice
On Wednesday 29th November 2023 at 5:30pm we will be withdrawing our BTL and Residential Special products to be replaced the next day.
Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 29th November 2023, which will secure the product for 3 working days until 5.30pm on Monday 4th December 2023.
The DIP must be converted to a full FMA and submitted before 5.30pm on Monday 4th December 2023.
DIPs relating to the current products which have not been converted to FMA and submitted by 5.30pm on Monday 4th December 2023 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.
Please convert existing DIPs to a full mortgage application as soon as possible.
Please convert existing DIPs to a full mortgage application as soon as possible.
FOUNDATION HOME LOANS – REDUCED RESIDENTIAL AND BTL SPECIAL RATES
As of today, Thursday 30th November, Foundation Home Loans have reduced rates on a number of their Buy to Let Special and Owner-Occupied Special products.
BTL Special Products Range:
- F1 5 Year Fixed rate Portfolio Only Landlord products down by 0.10% with rates now starting from 5.59%, with a 5% fee, no application fee and a free valuation
- F1 2 and 5 Year Fixed rate products also reduced by up to 0.10%, with rates from 5.69%, with a 3% fee
- F2 and HMO 2 and 5 Year Fixed rate products reduced by up to 0.10% with rates from 5.74% and 3% fees
Check out the latest buy to let product guide today
- F1 2 and 5 Year fee-assisted fixed rate products reduced by up to 0.10% with rates starting from 6.84% – no application fee and a free valuation.
- F2 2 and 5 Year fee assisted fixed rate products reduced by up to 0.10% with rates starting from 6.94% – no application fee and a free valuation.
Check out the latest Owner-Occupied product guide today