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.
PRODUCT WITHDRAWAL NOTICE
On Wednesday 20th August at 5:30pm, we will be withdrawing our holiday let 2 and 5 year fixed products as well as our F1, F2 and HMO Green ABC+ 5 year fixed products to be replaced the next day.
The following limited edition products will be
withdrawn and not replaced:
- F1 limited edition 5-year fixed rate product, 4.99% at 75% LTV with a £7,995 Fee
- F1 limited edition 5-year fixed rate product, 5.09% at 75% LTV with a 2.25% fee
- HMO limited edition 5-year fixed rate product, 5.54% at 75% LTV with a £2,995 fee
- MUFB limited edition 2-year fixed rate product, 5.89% at 75% LTV with a £2,995 fee
- MUFB limited edition 5-year fixed rate product, 5.64% at 75% LTV with a £4,995 fee
Any DIPs on the current products must be submitted by 5.30pm on Wednesday 20th August. So be sure to act fast if any of these products are the right fit for one of your clients.
DIPs submitted before 5.30pm on Wednesday 20th August, will secure the products for two working days, up to 5.30pm on Friday 22nd August.
DIPs must be converted to a Full Mortgage Application (FMA) and submitted before 5.30pm on Friday 22nd August.
DIPs relating to the current products which have not been converted to an FMA and submitted by 5.30pm on Friday 22nd August will no longer be valid.
All application fees and valuation fees must be paid within three working days of submitting of an FMA.
FMAs without their application fee or valuation fee paid by 5.30pm on the third working day after submission will no longer be valid.
Please convert existing DIPs to a full mortgage application as soon as possible.