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.
BTL BY FOUNDATION – NEW PRODUCT
NEW Limited Edition 2 Year Fixed Buy to Let Product
We have today launched a new Buy to Let F1 2 year Limited Edition fixed rate product at 5.89% with a 1.25% fee to 75% LTV.
Using the specialist lending market to help landlords mitigate costs and plug the advice void
A significant number of buy-to-let landlords have made a variety of financial changes over the last 18 months in order to mitigate rising mortgage costs, including renegotiating finance or selling property.
Let’s talk business!
Our experienced internal sales team are on hand to help you when you’re placing a case with us.
If you’d like to speak now, you can get in contact with them via the link below.
Now you can do more with Multi-property, semi-commercial and HMO+ mortgages
Solutions by Foundation is the new home of mortgages for Large HMOs, MUFBs, Multi property on one title, Ex-pats and semi-commercial/Mixed-use.
If we can help you with any of the following, why not call us today.
Specialist HMOs
- 75% LTV up to 10 bed
- 65% LTV over 10 bed with no upper limit on the number of rooms
- New ‘HMO PLUS’ Commercial valuation option for 1-6 beds
MUFBs up to 10 apartments
- 2% app fee
- 75% LTV up to £1.5m
- 65% LTV up to £2m
- Shared Utilities subject to valuers’ comments
- Under 30 sqm considered if tenanted
- More than 10 apartments – speak to your RAM for 10-12
Multi Properties on one title – Up to 4 Separate properties on 1 Freehold title
- One freehold title containing up to 4 individual properties or units.
- 2% app fee
- 75% LTV up to £2m
- 65% LTV up to £3m
- Minimum loan £100k
- Minimum age – one app has to be 25
ExPats
- Evidence that income is declared for UK tax purposes
- 75% up to £1.5m
- Passport and Residency cards – please see Solutions Criteria Guide for eligibility
- UAE & Dubai now allowed
Semi-Commercial
- 2.5% App fee
- 1.2% Proc fee
- 60/40 resi/commercial split on value
- 70% LTV
- All properties considered if on one Freehold title with Resi above including chip shop, restaurant, bar, book keepers, hairdresser, nightclub
- Can even work with an HMO upstairs
- Max loan £3m
- Short Leases on commercial unit – so long as tenant and landlord advise want to extend
- FTL – Not FTB
- Market Value used subject to underwriting
- BMV Purchase – OMV Refinance
- Day 1 Refinance for bridge and cash – Sight of TR1 form required
- We take into account all rental received from both resi and commercial elements (unless units are empty)
- Valuations – panelled out to Appraisers who then obtain 3 quotes and pass back to us.
General info
- No Minimum Income
- Minimum Loan £50,000
- Minimum Value £75,000
- ICR for 2 year product – rate + 2%
- ICR for 5 year product – rate only
- Fees over and above LTV
- We can work with structured or layered ltd companies
- You can have as many shareholders as needed – we only need Directors on app.
- Dual Rep (closed panel)
- Adverse considered
- Direct access to Underwriters
- Max age 85 – No Max age for ltd companies
- Family Gifted Deposit – Includes Aunt and Uncle
- No limit on number of floors in high rise so long as lifts
We are a 5-star FEEFO Gold Service Provider, who pride ourselves on offering your customers competitive solutions with excellent service.