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 Withdrawals
At COB today, 26 May 2023, Foundation Home Loans will withdraw the products listed below.
[Download Withdrawals Document]
FOUNDATION HOME LOANS – NEW RATES UP TO 80% LTV IN BTL AND UP TO 85% LTV IN OWNER OCCUPIED RANGES
As of Wednesday 31st May, Foundation Home Loans has launched a full range of buy to let and owner occupied core products for purchase and remortgage, with BTL now available up to 80% LTV and owner occupied available up to 85% LTV.
Foundation’s current service levels continue to average turnaround times of one day for DIP referral, application and underwriter review for all cases.
New Buy to let core products:
- Full F1 – F3 tiers product range released with Fixed rates starting from 6.79%
- New products up to 80% LTV within the F1 core range
- Expat, HMO and short term lets products available
New owner occupied core rates include:
- Full new product range available in F1 – F4 credit tiers starting from 6.84%
- New F1 2 and 5 year Fixed rates with flat £995 fee now available up to 85% LTV
- Green F1 Fixed rates now available from 7.14% at 75% LTV with a £995 flat fee and free standard valuation
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“We are pleased to refresh our core range, with repriced products for both buy-to-let and owner-occupied, and also the addition of new higher loan-to-value tiers.
“We hope the swift reintroduction of our core product range will provide advisers and their specialist clients with a new array of options to choose from and help them find the solutions these borrowers need.
“Foundation currently has excellent service levels and we are here to support the intermediary sector and would urge advisers to contact us to see how we can provide all they need to service both their specialist buy-to-let and owner-occupied client base.”