Brilliant Solutions

Express Payment Requests are showing error messages but please ignore these as the requests are being received. The error relates to the email confirmation only. 

The company will be closing early on Tuesday 16th September at 2pm for all staff training across all departments. We will be open as usual on Wednesday 17th September. We apologise for any inconvenience this causes. 

The deadline for express requests on the 16th September will be 1 PM.

 

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. 

FOUNDATION HOME LOANS EXPAND GREEN RANGE TO INCLUDE LARGE HMOS AND MUBS, AND F2 PRODUCTS

As of Tuesday 14th June 2022, Foundation Home Loans have made several changes to their Buy to Let product range including:

  • Expansion of the Green mortgage range to include large HMOs (Up to 8 bedrooms) and MUBs (up to 10 units) with a new ‘Large HMO/MUB’ product available up to 75% LTV, fixed at 4.39% for 5 years, with a fee of 1.25% and one free standard valuation and no application fee – for both purchases and remortgages of properties with an EPC of C or above
  • A new Green product for standard properties in the F2 range for applicants with some historical credit blips – available up to 75% LTV, fixed at 4.24% for 5 years, with a fee of 1.25% and one free standard valuation and no application fee – for both purchases and remortgages of properties with an EPC of C or above
  • The product fee on the Large Loan product (F1 tier) has been halved to 1% – and now priced at 3.99% fixed for 5 years and available for maximum loans of £2m up to 65% LTV
  • Repricing of all other fixed rate products across the buy to let range

As with all of Foundation’s Green mortgage range, the new Green large HMO/MUB product and the F2 Green product are both eligible for ‘early remortgage’ after purchase, as opposed to the typical 6-month wait – a feature especially designed to help those landlords who may have carried out improvements on the properties to raise the EPC above a level C.

At Foundation, rental cover for 5-year fixed rates is calculated at pay rate, and stress tested at 125% for limited companies and basic rate tax payers, and 145% for other landlord types.

You can find out more by checking out the latest product guide today.

[Download product guide]

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