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 – RATE REDUCTIONS OF UP TO 0.45% ACROSS BTL AND RESIDENTIAL RATES
As of today, Friday 17th November, Foundation Home Loans have reduced a number of rates across their Core Owner Occupied and Core BTL ranges, and introduced to the market their ‘F2 Extra’ range of specialist buy-to-let products and criteria, for property or loan types not typically catered for in the buy to let market.
Reduced owner-occupied rates include:
- F1 2 and 5 year Fixed rates reduced by up to 0.45% with a £995 fee, now starting from 6.64%
- F1 Remortgage Only rates reduced by up to 0.45% with £500 Cashback and a free valuation, now starting from 6.84%
- F1 Professionals and Key Workers ranges reduced by up to 0.45%, rates now starting from 6.64%
- F2, F3 and F4, 2 and 5 year Fixed rates reduced by up to 0.45%, now starting from 6.94%
Check out the latest residential product guide today.
Reduced Core buy to let rates include:
- F1 Fixed rates reduced by up to 0.30%, rates now starting from 6.29%
- Rates reduced across the F2 range for 2 and 5 year Fixed products including HMOs, Large HMOs, and Short Term Lets, now starting from 6.49%
- F1 and F2 5-year Fixed Remortgage Only products reduced by up to 0.25% with £500 cashback, a free valuation and no application fee, rates starting from 6.59% with a £1,295 fee
- F1 Green 5-year Fixed products reduced by up to 0.30%, with a free valuation and no application fee, now starting from 6.29% with a 1.25% fee
New F2 Extra BTL Range includes:
- Large HMO (9 beds plus) Fixed Rate and Discount products starting from 7.04% to 65% LTV
- Holiday Let Fixed Rate products starting from 6.94% to 70% LTV
- Large Portfolio Fixed Rate products starting from 6.94% to 70% LTV
- Large Loan Fixed Rate products starting from 6.89% to 70% LTV
See these on the latest buy to let product guide today
PRODUCT WITHDRAWAL NOTICE
On Tuesday 21st November 2023 at 5:30pm we will be withdrawing our BTL Limited Edition products to be replaced the next day.
Any DIPs on the current products will need to be submitted by 5.30pm on Tuesday 21st November 2023, which will secure the product for 3 working days until 5.30pm on Friday 24th November 2023.
The DIP must be converted to a full FMA and submitted before 5.30pm on Tuesday 21st November 2023.
All Application fees and Valuation fees must be paid within 3 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 3rd working day after submission, will no longer be valid.
Please convert existing DIPs to a full mortgage application as soon as possible.
FOUNDATION HOME LOANS – REDUCED BUY TO LET LIMITED EDITION RATES
As of today, Wednesday 22nd November, Foundation Home Loans have reduced the rates on their Limited Edition Buy to Let products, and launched a new 5 Year Fixed rate with a flat fee.
Buy to Let Limited Edition Range:
- New F1 5 Year Fixed rate with a £2,995 fee, now at 6.14% up to 75% LTV
- F1 2 Year Fixed rate reduced by 0.15% with a £1,495 fee, now at 6.59% up to 75% LTV
- F1 5 Year Fixed rate reduced by 0.15% with a 1% fee, now at 6.24% up to 75% LTV
- F1 7 Year Fixed rate reduced by 0.30% with a 1% fee, now at 6.69% up to 75% LTV
Check out the latest BTL product guide here.