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
On Monday 10th October 2022 at 5:30pm we will be withdrawing all residential rates and replacing them with new rates on Tuesday 11th October.
Any DIPs on the current products will need to be submitted by 5.30pm on Monday 10th October, which will secure the product until 5.30pm on Monday 17th October 2022. The DIP must be converted to a full FMA and submitted before 5.30pm on Monday 17th October.
DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Monday 17th October will no longer be valid.
FOUNDATION HOME LOANS LAUNCH PAIR OF RESIDENTIAL ERC-FREE GREEN DISCOUNTS AND NEW RESIDENTIAL PRODUCT RANGE
As of Tuesday 11 th October 2022, Foundation Home Loans have made changes to their Residential
products for purchase and remortgage. The changes to the range include:
- NEW F1 2 year Special Edition Green ABC+ discount at 4.14% at 65% LTV with £1,495 fee and
no ERCs - NEW F2 2 year Special Edition Green ABC+ discount at 4.44% at 65% LTV with £1,495 fee and
no ERCs - Special Edition Green ABC+ discount products are available for properties with an EPC of A-C
- Refresh of full core residential range
George Gee, Managing Director (Commercial) at Foundation Home Loans, said:
“We feel these new residential products, our service excellence, plus the addition of two new Special
Edition mortgages within our Green range, provides advisers and their clients who miss out on the
mainstream with a competitive offering and a credible mortgage choice.
“We are pleased to have been able to provide advisers with two working days’ notice in advance of
this repricing, and we are also allowing a full additional seven days for our intermediary partners to
convert their DIPs to full applications. Coupled with the fact we currently have very strong service
levels allowing us to act quickly, should hopefully provide advisers with confidence in terms of their
ability to get these cases through the process as quickly as possible.”