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 Wednesday 8th March 2023 at 5:30pm we will be withdrawing selected products in our buy to let and residential ranges and replacing them with new rates on Thursday 9th March 2023. This includes products in our core and limited-edition ‘special’ ranges.
Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 8th March 2023, which will secure the product for 5 working days until 5.30pm on Wednesday 15th March 2023. The DIP must be converted to a full FMA and submitted before 5.30pm on Wednesday 15th March 2023.
DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Wednesday 15th March 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 Wednesday 8th March 2023 in order to process this change, it will be available again the following morning.
FOUNDATION HOME LOANS REINTRODUCE 80% LTV RATES FOR OWNER-OCCUPIERS, AND NEW 5 YEAR FIXED RATE PRODUCTS FOR F1 AND F2 TIERS AND GREEN.
As of today, Thursday 9th March 2023, Foundation Home Loans have introduced new products in the special and core owner occupied F1 and F2 ranges, and reduced selected fees and rates on their Buy to Let specials for purchase and remortgage.
Foundation’s current service levels continue to average turnaround times of one day for DIP referral, application and underwriter review for all cases.
NEW owner-occupied products and changes include:
- Reintroduction of 80% LTV products in the Core F1 range for 2 and 5 years (including Green), starting at 7.19% fixed for 2 years
- NEW core owner-occupied F1, 2 and 5 Year Fixed Green ABC+ rates with one free standard valuation and £995 Fee starting at 6.99%
- NEW Fee Assisted F1 and F2 5 Year Fixed Rate Specials, up to 65% LTV with reduced fee of £795, with one free standard valuation and no Application Fee. Rates from 6.59%
- Other owner-occupied special rates reduced by up to 10bps and product fees reduced by £500 to £995
Check out the latest residential product guide today.
[Info and product guide]
NEW special buy to let rates include:
- Product Fee on the 2 year Fixed Rate Specials reduced from 2% to 1%
- F1 BTL 5 Year Fixed reduced by up to 0.10% across 65% and 75% LTV now starting at 5.94%
- F2 BTL 5 Year Fixed 75% LTV reduced by 0.10% to 6.19%
- F2 Standard HMO (Up to 6 occupants) 2 Year Fixed 75% LTV reduced by 0.05% now at 6.19% with a 1% product fee
- F2 Standard HMO 5 year fixed 75% LTV reduced by 0.10%, now at 6.24%
Check out the latest buy to let product guide today.
[Info and product guide]