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 Monday 2nd October 2023 at 5:30pm we will be withdrawing selected Buy to Let core range 2 year products to be replaced the following day.
Any DIPs on the current products will need to be submitted by 5.30pm on Monday 2nd October 2023, which will secure the product for 3 working days until 5.30pm on Thursday 5th October 2023.
The DIP must be converted to a full FMA and submitted before 5.30pm on Thursday 5th October 2023.
DIPs relating to the current products which have not been converted to FMA and submitted by 5.30pm on Thursday 5th October 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 note that our broker portal will be down from 5:30pm on Monday 2nd October 2023 in order to process this change, it will be available again the following morning.
REDUCED BTL RATES AND NEW LIMITED EDITION FROM 5.94%
As of today, Tuesday 3rd October, Foundation Home Loans have refreshed selected 2-year rates across their BTL range.
Refreshed BTL rates include:
- New F1 Limited Edition 5.94% fixed for 2 years with a 3.5% fee
- F1 – F2 2 Year Fixed rates reduced by up to 0.35% now starting from 6.94% with a 1.5% fee
- Standard HMO 2 Year Fixed products reduced by up to 0.25%, with rates starting from 7.19%
- Short Term Lets 2 Year Fixed rates reduced up to 0.15%, now starting from 7.34%
Check out the latest product guides today.
FOUNDATION HOME LOANS NEW F2 EXTRA RANGE – EXCLUSIVE TO SELECT PARTNERS ONLY
As of today, Tuesday 3rd October, we have reduced selected rates and added new Expat options through our F2 Extra range.
This F2 Extra range is available exclusively through select partners.
Refreshed F2 Extra rates include:
- Large Portfolios and Large Loan products reduced by up to 1.10%, with rates now starting from 6.99%
- Holiday Let 5 Year Fixed rate reduced by 0.80% now at 7.04%
- 2 and 5 Year Fixed rates for Large HMO reduced by up to 0.70% with rates starting from 7.14%
- Semi Commercial 2 and 5 Year Fixed rates reduced by up to 0.70% with rates now starting from 7.24%
- NEW 2 Year Discount rates for Large HMO, Semi Commercial and Holiday Let products with rates starting from 8.09% and no ERCs
- NEW 2 and 5 Year Expat products added to the Large HMO, Semi Commercial and Holiday Lets ranges with rates starting from 7.14%
Check out the latest product guides today.