Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Foundation Update

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. 

New 2- and 5-year fixed rates for portfolio and limited company BTLs

Foundation Home Loans has released two new highly competitive 2- and 5- year fixed rates in their F1 near-mainstream range (F1) for portfolio and non-portfolio landlords, individuals and limited companies who just miss out on mainstream eligibility.

These products are available up to 75% LTV each with a 2% fee.

Why Foundation?

  • Rental cover is stress tested at just 125% for limited companies and basic rate tax payers and 145% for others, calculated at the notional rate of 5.5% on the two-year fix and at pay rate for the 5-year fix.
  • Clients committing to the security of a 5-year fixed rate could access more generous loan amounts depending on rental income, as ICR is based on pay rate of 5-year fixes at Foundation.

For your limited company mortgages:

  • Newly incorporated limited companies / SPVs acceptable
  • Experts in complex company structures
  • No maximum age

And for your portfolio landlords:

  • No business plans or asset and liability statements needed
  • Quick apply: Landlords remain underwritten for 6 months
  • No limit to the background portfolio size, subject to a maximum of £3m with us

BTL for Limited Companies  – Product Guide

BTL for Individuals – Product Guide

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