Brilliant Solutions

The internet is down in our Head Office.  Staff continue to answer the phone and respond to messages but understandably response times and service standards are affected.  Please contact your Relationship Manager directly if you have any urgent issues.  Thank you.

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Foundation Update

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 cuts product fees on Limited Company specials

Your landlord clients buying or remortgaging via a limited company vehicle can now access even more competitive products.

Foundation Home Loans has today reduced the product fees on their three ‘Limited Edition’ Limited Company buy to Let products.

Product details are now:

 F1 Limited Co BTL 2 year fixed 2.99% to 75% LTV with 0.75% Product Fee (was 1% fee)
 F2 Limited Co BTL HMO 2 year fixed 3.34% to 75% LTV with 0.75% Product (was 1% fee)
 F1 Limited Co BTL 5 year fixed 3.24% to 75% LTV with 1% Product Fee (was 1.5% fee)

These fee reductions make these products extremely competitive on a total cost basis whilst giving landlords access to generous loan amounts.

Foundation’s BTL fixed rates are designed to support landlords looking for a more generous loan for
their rent, as ICR is calculated using the pay rate with a 5-year fix or the notional rate of 5.5% for
shorter rates and stress tested at only 125% for Limited Companies.

 For loans between £200,000 and £1m and up to 75% LTV
 For portfolio and non-portfolio limited company applications
 No limit to the borrower’s background portfolio size, subject to a maximum of £3m with
Foundation

Key criteria:

• Generous ICR of 125%, including for HMOs
• Newly incorporated limited companies accepted
• No credit search for shareholders with less than 20% shareholding
• Switch to limited company application pre-offer

Who for?
• Up to 4 directors
• Newly incorporated limited companies
• Expats
• Complex company structures
• Limited companies using intercompany loans as deposits

• No minimum income for limited company applicants
• No maximum age for limited company applicants

How much?
• Loans of up to £1m
• No limit to portfolio size (subject to £3m with us)
• Minimum loan amount is £200,000

Foundation Product Guide Ltd Co. 050521

FOR INTERMEDIARIES ONLY

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