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.
RENTAL COVER STRESS TEST IMPROVED PLUS NEW BUY TO LET 2 YEAR FIXED SPECIALS RANGE
As of today, Tuesday 16th May, Foundation Home Loans have improved their stress test calculation on shorter term buy to let rates – ICR is now stressed at the higher of Pay Rate + 2% or a flat 8%. You can read more about this here from 16th May.
Foundation are also, today, launching some new 2 year Fixed rate buy to let special products for purchase and remortgage.
New buy to let special rates include:
- F1 2 year Fixed rates starting at 5.39% with 1% fee and one free standard valuation
- F2 2 year Fixed rates starting at 5.49% with 1% fee
- F2 HMO 2 year Fixed rates starting at 5.54% with 1% fee