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.
Could your residential remortgagers benefit from a Green Rewards cashback remortgage?
Foundation Home Loans, the intermediary-only specialist lender, has today launched a set of 75%
and 85% LTV residential ‘Green Reward’ remortgage fixed rates over two- and five-year terms as part
of its residential range.
The new product is available to existing owner-occupier borrowers who have made improvements to
their home, who must have obtained an Energy Performance Certificate (EPC) rating of ‘C’ or above –
dated within the last 24 months.
- £750 cashback on completion
- Up to 85% LTV
- Reduced product fee of £595, normally £995
- Deliberately simple criteria: specific types of improvements stipulated
The products are only available on a capital and interest repayment basis.
The product has been designed to offer a greater degree of choice for those conscientious
homeowners who are not able to access high-street lenders, but who undoubtedly should be
rewarded for improving the energy efficiency of their home. It is hoped that the product will act as a
further catalyst to support the reduction of the carbon footprint from UK residential properties.