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. 

BTL Re-price

Foundation Home Loans will re-fresh its current BTL & Limited Company products on the morning of 7 April 2022 as follows:

  1. The relaunch of 38 products
  2. The launch of two new products representing a large HMO/MUB variant for Expats
  3. The withdrawal of 66 products
Product withdrawal of our openwork exclusive product and other rates

On Wednesday 6th April at 5:30pm, we will be making a number of changes to our buy to let range.

As part of these changes many of our products are being replaced, including our Green ABC+ products which are being withdrawn and replaced with a revised green product range.

Products being withdrawn and not replaced are:

  • All 5 year fixed, fee assisted products
  • All limited edition fee assisted products for specialist property types
  • Our F1 & HMO early remortgage products

Please key your DIP as soon as possible.

SUBMIT A DIP

 Any DIPs on existing products will need to be received by 5:30pm on Wednesday 6th April. You will then have 30 days from your DIP accept date (please refer to your illustration for this date) to progress to FMA.

Please note that our broker portal will be down from 5:30pm on Wednesday 6th April in order to release our new products, it will be available again from Thursday morning.

FOUNDATION RELEASE NEW GREEN ABC+ PRODUCTS
AND INTRODUCE EXPAT LARGE HMO PRODUCT

As of 7th April 2022, Foundation Home Loans are offering a new BTL Green ABC+ range exclusively for properties with EPC rating of A-C. The new Green products include one free valuation and come with a 1% product fee.

  • Single products covering properties with EPCs A to C
  • F1 5-year fixed rate at 3.49%
  • Up to 75% LTV
  • NEW: One free valuation
  • Options for HMOs, short-term lets and UK expatriates
  • 1% product fee
  • For purchase and remortgage

Foundation Home Loans have introduced a new Expat product for landlords purchasing or remortgaging a large HMO (up to 8 bedrooms) or multi-unit blocks (up to 10 units).

  • 5-year fixed rate at 3.99%
  • Up to 75% LTV
  • 25% product fee

[Download product guide]  

For more information, please contact us.

Why use Foundation for your next BTL case?

Who for?

  • Experts in individual or limited company applications
  • Up to 4 directors & no personal guarantees needed for shareholders
  • Limited companies/SPV with complex structures
  • Shareholding can include other companies
  • Newly formed SPV’s and flexible deposit sources including Intercompany loans
  • No min income or employment/self-employment history
  • First time landlords considered
  • Ex-pats considered as individuals or limited companies

How much?

  • Up to 85% LTV & Loans up to 2m (on core range)
  • ICR of 125% for limited company borrowers and basic rate taxpayers
  • No limit to portfolio size, subject to maximum borrowing of £5m with Foundation 
  • Portfolio in the background stress tested at 100%

What for?

  • HMOs: standard to 6 bedrooms, large up to 8 bedrooms and MUBs: up to 10 units
  • Short term lets in personal or SPV structures
  • Day 1 remortgages
  • Products without ERCs
  • Range of Green Products for properties with EPC rating A-C
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