Brilliant Solutions

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 GREEN ABC PURCHASE MORTGAGE STARTING AT 1.99% FOR PROPERTIES WITH EPC RATING A

Foundation Home Loans, the intermediary-only specialist lender, has today (6th July 2021) launched a set of Green ABC mortgage products specifically for buy to let purchases.

The new range consists of three new two-year variable discount rates available to individual landlords as well as limited companies seeking to purchase a property on a variable rate without early repayment charges, and are priced according to the EPC rating of the property, starting as low as 1.99%

  • EPC A rating: discount of 3.1% giving current rate of 1.99%
  • EPC B rating: discount of 2.8% giving current rate of 2.29%
  • EPC C rating: discount of 2.6% giving current rate of 2.49%
  • Up to 75% LTV
  • 2% product fee
  • No ERCs
  • For purchases up to £1m
  • Discounted rates starting from 1.99%
  • Available to individuals as well as limited companies
  • No limit to the background portfolio size, subject to a maximum of £5m with us

ICR is calculated at 5.5% and stress tested at 125% for limited companies and basic rate tax payers, and 145% for other landlords.

 [NEW BTL PRODUCT GUIDE]

Why use Foundation for your next BTL case?

  • Individual or limited company
  • Limited companies with complex structures
  • Up to 4 directors
  • Newly incorporated limited companies acceptable
  • ICR of 125% for limited company borrowers and basic rate taxpayers and 145% for others
  • No minimum term of employment/self-employment and no minimum income
  • Up to 80% LTV on core range
  • Loans up to £2M on core range
  • No limit to portfolio size, subject to max borrowing of £5m with us
  • Cater for specialist properties such as HMOs, short term lets and Multi Unit Blocks
  • HMOs: up to 8 bedrooms and MUBs: up to 10 units
  • Products for first time landlords
  • Ex-pats considered for limited companies only
  • Green Mortgages available for purchase and remortgage
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