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 – RATES REDUCED BY UP TO 0.75% ACROSS SELECTED BTL AND BY UP TO 0.60% ACROSS OWNER OCCUPIED SPECIALS
As of today, Tuesday 18 th April, Foundation Home Loans have refreshed their BTL and owner occupied specials ranges. The refresh to the range brings rate reductions of up to 0.75% on selected buy to let specials and up to 0.60% on owner occupier specials.
Foundation’s current service levels continue to average turnaround times of one day for DIP referral, application and underwriter review for all cases.
Refreshed buy to let special rates include:
- Reduction to limited edition 5 year fixed now down to 5.39% with a flat fee of £4,995 (maximum loan £1.5m)
- HMO specials now from 5.34% for 2 and 5 years
- BTL fixed rate reductions of up to 0.75% across F1 and F2, now from 5.29%
Refreshed owner occupied special rates include:
- Owner occupied fixed rate reductions of up to 0.60% across F1 and F2 specials, now from 5.89%
George Gee, Managing Director (Commercial) at Foundation Home Loans, said:
“We are pleased to be able to offer some significant rate reductions across our buy-to-let and owner-occupier product ranges, reflecting some increased economic stability and growing demand across these markets as we move into Q2.
“HMO mortgage products within the buy-to-let market continue to capture the attention of landlords as they look to add to, and diversify, their portfolios whilst looking to maximise yields. This brings our HMO specials in line with our F2 fixed rate BTL specials, in recognition of the increased market demand, and this represents a highly positive move for those landlords who are active in this area of the market.
“We expect these products to prove attractive to a range of borrowers who are now becoming accustomed to a new interest rate normal and those who will benefit from our excellent service levels which continue to allow our intermediary partners to be confident in being able to rely on us to deliver the solutions that matter for their clients at a pace and with complete transparency.