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 & OO Update – morning of 8th Nov – Partners
On the morning of the 08th November 2022, Foundation Home Loans will:
- Withdraw of 33 products
- Relaunch 27 products with updated shortcodes
- BBR will also be set to 3.00% as of the morning of the 08/11/2022
PRODUCT WITHDRAWAL NOTICE FROM FOUNDATION
On Monday 7th November 2022 at 5:30pm we will be withdrawing some residential rates. We will not be replacing these rates. The withdrawal includes:
- 85% LTV F1 and F2 Core Discount Products
- 85% LTV F1 Professionals Discount Product
- 85% LTV F2 core 2 year fixed
- 80% LTV F3 Fixed Rate products
Any DIPs on the current products will need to be submitted by 5.30pm on Monday 7th November, which will secure the product for 3 working days until 5.30pm on Thursday 10th November 2022. The DIP must be converted to a full FMA and submitted before 5.30pm on Thursday 10th November.
DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Thursday 10th November 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.