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.
FOUNDATION HOME LOANS LAUNCHES NEW BUY TO LET LIMITED EDITION PRODUCTS
Foundation Home Loans are excited to announce a new product across their Buy to Let Limited Edition range. Effective on Tuesday, December 3rd, they have introduced a new Buy to Let Limited Edition product. The new product provides your landlords with options that address a variety of needs and circumstances.
Buy to Let Products:
- New F1 Limited Edition 5 Year Fixed with a 1% fee and a rate of 5.94% up to 75% LTV with a free standard valuation and no application fee
For full details, please check our latest product guide.
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“Fee-assisted options often prove very popular with those landlords who want to both minimise their upfront costs and not necessarily add a significant fee amount to the overall loan.”
“At the same time, with a free standard valuation and no application fee to pay, this is a very competitive total cost and one we’re sure will be popular with those landlords either seeking to purchase or remortgage at this time.”
Product Withdrawal Notice
On Thursday 5th December at 5:30pm, we will be withdrawing the BTL Packager Exclusive product from our BTL ranges.
The product being withdrawn and not replaced is:
- BTL F1 ERC3 5 Year Fixed Packager Exclusive product with a rate of 5.69% up to 75% LTV with a £2,995 fee
Any DIPs on the current product will need to be submitted by 5.30pm on Thursday 5th December which will secure the product for 2 working days until 5.30pm on Monday 9th December.
The DIP must be converted to a full FMA and submitted before 5.30pm on Monday 9th December.
DIPs relating to this current product which have not been converted to FMA and submitted by 5.30pm on Monday 9th December 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.