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.
BUY TO LET AND RESIDENIAL BY FOUNDATION – PRODUCT WITHDRAWAL NOTICE
On Wednesday 11th September at 5:30pm, we will be withdrawing some of our Residential and BTL products as follows.
The following Residential products are being withdrawn and not replaced:
- F1 Professionals 2 Year Fixed with a rate of 5.99% at 75% LTV
- F1 Professionals 2 Year Fixed with a rate of 6.29% at 85% LTV
- F1 Limited Edition Remortgage Only 2 Year Fixed with a rate of 6.14% at 80% LTV
- F1 Limited Edition Remortgage Only 2 Year Fixed with a rate of 6.34% at 85% LTV
- F1 Limited Edition Remortgage Only 5 Year Fixed with a rate of 5.84% at 80% LTV
- F1 Limited Edition Remortgage Only 5 Year Fixed with a rate of 6.04% at 85% LTV
The products being withdrawn and replaced are:
- Residential F1 Professionals 5 Year Fixed with a rate of 5.79% at 75% LTV
- Residential F1 Professionals 5 Year Fixed with a rate of 6.09% at 85% LTV
- Residential F1 5 Year Fixed Green ABC+ with a rate of 5.59% at 75% LTV
- BTL F2 Large Portfolio 5 Year Fixed with a rate of 6.49% at 70% LTV
Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 11th September which will secure the product for 2 working days until 5.30pm on Friday 13th September.
The DIP must be converted to a full FMA and submitted before 5.30pm on Friday 13th September.
DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Friday 13th September 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.
FOUNDATION HOME LOANS – PROFESSIONALS PRODUCTS NOW AVAILABLE ON ALL REPAYMENT TYPES, INCLUDING INTEREST ONLY
As of Thursday 12th September, Foundation Home Loans have updated selected rates in their Residential Professionals’ range and also made them available on all repayment types, including interest only. Additionally, they are excited to introduce new products, including a brand-new F1 Green 5-Year Fixed BTL product.
Changes to the Professionals Residential range:
- New F1 5 Year Fixed Professionals product up to 65% LTV with a £995 fee and £350 Cashback with a rate of 5.74%
- F1 5 Year Fixed Professionals products at 75% and 85% with a £995 fee and £350 Cashback with rates now starting from 5.84%
Check out the latest Residential product guides today.
Additional changes: Professionals products now available on all repayment types, including interest only
Changes to the Buy to Let range:
- New F1 Green 5 Year Fixed product with a 1.25% fee, one free standard valuation and no application fee, with a rate of 5.54% up to 75% LTV
- F2 Large Portfolio 5 Year Fixed product reduced by 0.20% with a 1.25% fee, one free standard valuation and no application fee with a rate now at 6.29% up to 70% LTV
Check out the latest Buy to Let product guides today.