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.
RESIDENTIAL AND BUY TO LET PRODUCT WITHDRAWAL NOTICE
On Wednesday 19th October 2022 at 5:30pm Foundation Home Loans will be withdrawing all
residential and buy to let rates and replacing them with a new range on Thursday 20 th October 2022.
Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 19 th October,
which will secure the product for 3 working days until 5.30pm on Monday 24 th October 2022. The DIP
must be converted to a full FMA and submitted before 5.30pm on Monday 24 th October.
DIPs relating to these current products which have not been converted to FMA and submitted by
5.30pm on Monday 24 th October will no longer be valid.
All application fees and valuation fees must be paid within 5 working days of the submission of a full
mortgage application. FMAs which do not have their application fee or valuation fee paid by 5.30pm on the 5th working day after submission, will no longer be valid.
FOUNDATION HOME LOANS INCREASE BUY TO LET LOAN SIZE AT 75% LTV TO £1.5M AND LAUNCH NEW PRICING ACROSS ENTIRE RESIDENTIAL AND BUY TO LET RANGE
As of today (Thursday 20 th October 2022), Foundation Home Loans have made changes to their
Residential and Buy to let products for purchase and remortgage.
The changes to the range include:
- New buy to let range
- New residential range
- New increased loan size on the buy to let range now – £1.5m at 75% LTV
Foundation have also made increases of between 0.3% and 0.95% across both the buy to let and
residential ranges
They have streamlined the range but continue to offer products in each tier for residential and buy
to let, as well as in each of their buy to let specialist areas, HMO, MUB, short term let and Green.
Foundation also continue to offer a full range of sub 5.5% discount products without early
repayment charges in their buy to let range.