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.
BUY TO LET AND SOLUTIONS BY FOUNDATION – PRODUCT WITHDRAWAL NOTICE
On Wednesday 24th July at 5:30pm we will be withdrawing
some of our BTL and Solutions products to be replaced the next day.
The BTL products being withdrawn are:
- HMO 5 Year Fixed products with a rate of 6.29% at 65% LTV and 6.49% at 75% LTV with a 2% fee
- F2 FTL HMO 5 Year Fixed product with a rate of 6.64% at 75% LTV with a 2% fee
- F2 HMO 5 Year Fixed product with a rate of 6.69% at 75% LTV with a 1.25% fee with no application fee and one free valuation
- STL 5 Year Fixed products with a rate of 6.59% at 65% LTV and 6.69% at 75% LTV a 2% fee
- F2 STL 5 Year Fixed products with a rate of 6.79% at 75% LTV with a 1.25% fee and no application fee and one free valuation.
The Solutions products being withdrawn are:
- S2 BTL HMO Expat 5 Year Fixed products with a rate of 6.84% at 75% LTV with a 2% fee
- S2 BTL Large HMO Expat 5 Year Fixed products with a rate of 6.99% at 75% LTV with a 2% fee
- S2 BTL MUFB Expat 5 Year Fixed products with a rate of 6.74% at 75% LTV with a 2% fee
- S2 Large HMO with up to 10 bedrooms 5 Year Fixed products with a rate of 6.59% at 65% LTV and at 6.79% at 75% LTV both with a 2% fee
- S2 BTL HMO Plus 5 Year Fixed products with a rate of 6.44% at 65% LTV and 6.64% at 75% LTV with a 2% fee
- S2 BTL MUFB 5 Year Fixed products with a rate of 6.44% at 65% LTV and 6.54% at 75% LTV with a 2% fee
Any DIPs on the current products will need to be submitted by 5.30pm on Wednesday 24th July which will secure the product for 2 working days until 5.30pm on Friday 26th July.
The DIP must be converted to a full FMA and submitted before 5.30pm on Friday 26th July.
DIPs relating to these current products which have not been converted to FMA and submitted by 5.30pm on Friday 26th July will no longer be valid.
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