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. 

Product update: BTL 5 year fixed rate - 75% LTV - Reduced rate

As of the morning of Thursday 28th of January Foundation Home Loans will:

  1. Withdraw 2 product of the 75% LTV 5 year fixed rate F1 products
  2. Re-introduce these two products with new lower rates and short-codes.

Product Details – BTL 75% 5yr refresh – Sourcing

5-year fixed rate reduced by 10bps on specialist buy-to-let

On Thursday 28th January, Foundation are reducing one of our best-selling rates, the 5-year 75% LTV buy-to-let fixed rate in the F1 tier for clients who just miss out on mainstream credit.

  • 5 year fixed to 75% LTV with a 2% fee – reducing by 10bps from 3.54% to 3.44%.

This highly-competitive 5-year rate is designed to support landlords looking for a more generous loan for their rent, as Foundation ICR is calculated using the pay rate with a 5 year fix or the notional rate of 5.5% for shorter rates and at only 125% for Limited Companies and basic rate tax payers, and 145% for all other borrowers.  

  • Available for individuals as well as limited companies
  • For clients who just miss out on mainstream credit scores
  • £1m maximum loan size
  • No limit to the background portfolio size, subject to a maximum of £3m with us

Additionally, since 7th January, all Foundation Home Loans products now operate on a rolling end date basis, so this product comes with the benefit of the initial rate for the full 5-year term from completion.


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