Brilliant Solutions

The internet is down in our Head Office.  Staff continue to answer the phone and respond to messages but understandably response times and service standards are affected.  Please contact your Relationship Manager directly if you have any urgent issues.  Thank you.

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. 

HMO Green and STL Green

As of the morning of 17 March 2022 Foundation Home Loans will introduce its Green range to two specialist properties:

  1. 6 new HMO Green products
  2. 6 new Short Term Let Green products
  3. All 12 products are 5 year fixed rates at 75% LTV
  4. EPC rating of A, B or C applies as per product description
NEW GREEN PRODUCTS FOR HMO AND SHORT TERMS LETS FROM FOUNDATION HOME LOANS

As of 17th March 2022, Foundation Home Loans have introduced a new range of specific products for landlords looking to purchase or remortgage a buy to let specialist property including Short Term Lets and standard HMOs (up to 6 occupants) that have an EPC rating of A-C. Products in the new range will have a reduced product fee of 0.75%, are available up to 75% LTV, and also benefit from a tiered cashback upon completion of up to £750.

  • F2 ABC+ Green HMO (up to 6 occupants) 5-Year fixed rates starting from 3.44%
  • F2 ABC+ Green Short term let 5-Year fixed rates starting from 3.94%
  • Up to 75% LTV
  • Cashback upon completion of up to £750 for properties with an EPC rating of ‘A’ £500 for EPC rating B and £250 for EPC rating for ‘C’
  • Reduced product fee of 0.75%

Mortgage intermediaries and their clients can check the EPC rating of a property at https://find- energy certificate.digital.communities.gov.uk/ by searching the postcode or certificate number.

As with all Foundation Home Loans’ buy to let 5-year fixed rates, ICR is calculated at pay rate and stress tested at 125% limited companies and basic rate tax payers, and 145% for other landlords.

NEW RATE GUIDES

Why use Foundation for your next BTL case?

Who for?

  • Individual or limited company
  • Limited companies with complex structures
  • Up to 4 directors
  • Newly incorporated limited companies acceptable
  • No minimum term of employment/self-employment and no minimum income
  • Products for first time landlords
  • Ex-pats considered as limited companies and individuals

How much?

  • Up to 85% LTV on core range
  • Loans up to £2m on core range
  • ICR of 125% for limited company borrowers and basic rate taxpayers and 145% for others
  • No limit to portfolio size, subject to maximum borrowing of £5m with Foundation

What for?

  • Specialist properties such as HMOs, short term lets and Multi Unit Blocks
  • Green Mortgages available for purchase and remortgage
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