Brilliant Solutions

Foundation Update

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. 

NEW LIMITED EDITION BUY TO LET 5-YEAR FIX WITH £500 CASHBACK FROM

FOUNDATION HOME LOANS  

Foundation Home Loans has today launched a new Limited Edition, remortgage-only 5-year fixed buy-to-let product, designed to support those landlords looking to secure a highly competitive pay rate and rental calculation for five years along with reduced upfront costs.

  • Highly competitive rate fixed for 5 years
  • Remortgage-only with £500 cashback on completion
  • Available up to 75% LTV
  • Maximum loan of £1M.
  • Reduced product fee of 1%
  • Available to individual landlords, limited companies and portfolio landlords

This new remortgage product is available to those clients who just miss out on mainstream credit scores, and there is no limit to the background portfolio size of the borrower, subject to a maximum of £3M with Foundation. 

Foundation’s loan amounts

The lender uses ICR calculated at the pay-rate, and at only 125% for limited companies and basic-rate taxpayers, and 145% for others.

Why use Foundation for your next BTL case?

  • Individual or limited company
  • Limited companies with complex structures
  • Up to 4 directors
  • Newly incorporated limited companies acceptable
  • ICR of 125% for limited company borrowers and basic rate taxpayers and 145% for others
  • No minimum term of employment/self-employment and no minimum income

NEW LIMITED EDITION BUY TO LET 3.19% 5-YEAR FIX WITH £500 CASHBACK FROM FOUNDATION HOME LOANS  

Foundation Home Loans has today launched a new Limited Edition, remortgage-only 5-year fixed buy-to-let product, designed to support those landlords looking to secure a highly competitive pay rate and rental calculation for five years along with reduced upfront costs.

  • 19% fixed for 5 years
  • Remortgage-only with £500 cashback on completion
  • Available up to 75% LTV
  • Maximum loan of £1M.
  • Reduced product fee of 1%
  • Available to individual landlords, limited companies and portfolio landlords

This new remortgage product is available to those clients who just miss out on mainstream credit scores, and there is no limit to the background portfolio size of the borrower, subject to a maximum of £3M with Foundation.

 Foundation’s loan amounts

The lender uses ICR calculated at the pay-rate, and at only 125% for limited companies and basic-rate taxpayers, and 145% for others.

Why use Foundation for your next BTL case?

  • Individual or limited company
  • Limited companies with complex structures
  • Up to 4 directors
  • Newly incorporated limited companies acceptable
  • ICR of 125% for limited company borrowers and basic rate taxpayers and 145% for others
  • No minimum term of employment/self-employment and no minimum income
  • Up to 75% LTV on core range
  • Loans up to £2M on core range, £1M for this special
  •  No limit to portfolio size, subject to max borrowing of £3m with us
  • Cater for specialist properties such as HMOs, short term lets and Multi Unit
  • Blocks HMOs: up to 8 bedrooms and MUBs: up to 10 units
  • Products for first time landlords
  • Ex-pats considered for limited companies only
  • Green Mortgages available for the remortgage of properties with an EPC rating of C or above
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