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 launches new fee assisted Limited Edition residential products
As of Thursday 28th July 2022, Foundation Home Loans have launched a pair of fee assisted Limited Edition residential products. The features include:
- F1 2 year fixed at 4.74%
- F1 5 year fixed at 4.99%
- 65% LTV
- £795 product fee
- No application fee and one free standard valuation
- Maximum loan £2m
- Purchase and Remortgage
The Limited Edition product also benefits from one free standard valuation and no application fee. It is available for owner occupiers looking to purchase or remortgage, on a capital and interest or interest-only basis and has a maximum loan size of £2m.
In addition to this new Limited Edition product, new applications are being reviewed within 1 day currently and the wait time for an underwriter to review, once all requirements (including valuation) are met, is 2 days for residential cases.
George Gee, Managing Director (Commercial) at Foundation Home Loans, said
“Following the launch last week of a Limited Edition buy-to-let product, we are following it up this week with the launch of two new residential fee assisted Limited Edition 65% LTV products within our F1 range for owner-occupiers.
“Specialist residential lending is showing strong demand at the moment and we believe these competitively-priced options, coupled with our excellent service standards, will make them attractive to our intermediary partners.”
You can find out more by checking out the latest product guide today.