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.
85% LTV BUY-TO-LET PRODUCTS NOW AVAILABLE FROM FOUNDATION HOME LOANS
In a significant enhancement of their buy-to-let proposition, Foundation Home Loans now offer up to 85% loan to value within buy to let lending within the F1 product range, for borrowers with a near-mainstream credit history.
Their buy to let range now includes 85% LTV two- and five-year fixed rate options. There are no product fees with either, and they are available to limited companies, individuals and portfolio landlords as standard.
As with all 5-year buy to let fixed rates with Foundation Home Loans, the rental income is calculated at the pay-rate, stress tested at 125% for limited companies and basic rate tax payers and 145% for other landlord types.
The usual valuation and application fees apply. Please note that there is a minimum property value of £125k in order to be eligible for their 85% LTV products.
Why use Foundation for your next BTL case
- Individual or limited company
- Limited companies with complex structures
- Up to 4 directors
- Newly incorporated limited companies acceptable
- ICR of 125% for limited company borrowers and basic rate taxpayers and 145% for others
- No minimum term of employment/self-employment and no minimum income
- Up to 85% LTV on core range
- Loans up to £2m on core range
- No limit to portfolio size, subject to maximum borrowing of £5m with Foundation
- Cater for specialist properties such as HMOs, short term lets and Multi Unit Blocks
- HMOs: up to 8 bedrooms and MUBs: up to 10 units
- Products for first time landlords
- Ex-pats considered for limited companies only
- Green Mortgages available for purchase and remortgage