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Residential by Foundation is the home of manual underwriting for complex residential cases – offering specialist options for first-time-buyers, movers and re-mortgagers with layers of complex income, employment or credit, who don’t fit mainstream lending criteria.
Good at:
Self Employed, complex/mixed income, complex employment.
First Time Buyers.
Low credit score/ credit history.
F1 – F4 Credit Criteria.
100% of more income types considered.
Professionals up to 6x and Key worker up to 5.5x enhanced income multiples.
Loans up to £2m.
Interest only, affordability calculated on an interest only basis up to 70% LTV.
Capital raising for buy to let purchase accepted.
Part and part mortgages – see website for LTV limits.
Green mortgages for properties with EPC rating A-C.
Why use Residential for your next specialist residential case?
Why use Foundation
for your next Specialist Residential case:
Who for?
- Self-employed – directors, partners and contractors
- Employed – no minimum term in current job (minimum 3 months employed)
- Clients with multiple and unusual income sources
- Holders of credit blips / lower credit scores
- Eligible Professionals looking for up to 6 x income
- £ for £ remortgage with no loan to income cap
How much?
- Maximum loan £2m
- Maximum term 40 years
- Maximum age 75 at end of term
- No minimum income
- Maximum number of applicants is 4 (immediate family)
What for?
- Capital and repayment mortgages – see website for LTV limits
- Interest only, affordability calculated on an interest only basis up to 70% LTV
- Capital raising for buy to let purchase accepted
- Part and part mortgages – see website for LTV limits
- Green mortgages for properties with EPC rating A-C, in both the buy to let and residential ranges
Buy to Let by Foundation is the home of specialist criteria for limited companies and portfolio landlords.
Good at:
UK landlords with F1 – F3 credit criteria.
Portfolio and non-portfolio landlords.
Short Term Lets.
Holiday Lets stressed at 125% for all using seasonal income.
HMOs: up to 6 occupants.
Green BTL Mortgages EPC A-C.
Day 1 remortgage from cash purchase.
Why use Foundation for your next BTL case?
Why use Foundation
for your next BTL case?
Who for?
- Individual or portfolio landlords
- Limited companies with complex structures
- Up to 4 directors and unlimited shareholders
- Newly incorporated limited companies acceptable
- No minimum term of employment/self-employment and no minimum income
- First time landlords considered
How much?
- Rental income stressed at 125% for limited co and basic tax, 145% for higher and 135% for mixed
- Loans up to £2m on core range
- Large Portfolio – aggregate borrowing above £5m+
- Large Loans (Up to £5m)
- Max age 85 (no max age for Ltd Companies)
What for?
- Specialist properties such as HMOs, short term lets and Multi Unit Blocks
- HMOs: up to 8 bedrooms and MUBs: up to 10 units
- Green Mortgages available for purchase and remortgage
Solutions by Foundation is the home of broader specialist criteria for an additional layer of property or borrower types beyond that typically catered for in the specialist buy-to-let market, such as mixed-use (part-commercial) properties, larger multi-occupation properties and Ex-pats.
Good at:
Specialist mixed use or multi-occupation properties
Properties with combined Residential (60%+ of value) and Commercial
Large HMOs – no bedroom limit
MUBs up to 10 units
Day 1 remortgage from cash purchase
Why use Solutions by Foundation for your next specialist case?
Why use
Solutions by Foundation
for your next specialist case?
Who for?
- UK Individual or portfolio landlords
- Limited companies/SPVs
- Ex-pats on an individual or Ltd Company basis
- Commercial Landlords with mixed use properties
How much?
- For Large HMOs with unlimited size to 7 bedrooms at 65% LTV or 8 bedrooms (maximum) to 75% LTV
- MUBs: up to 10 units
- Mixed use 60% residential max 40% commercial
Why Foundation?
Foundation Home Loans is the home of specialist buy to let and residential mortgage lending. With our dedicated sales and underwriting teams, we offer support to you throughout all the stages of your clients’ application. Intermediaries tell us they like our easy-to-use portal and flexible underwriting. It’s our aim to be the most trusted lender in the specialist sector so contact us today.
- Residential mortgages for borrowers with complex income, employment or credit history.
- Buy-to-let mortgages for landlords, portfolios and limited companies.
- Specialist property types including HMOs and multi-unit blocks.
The Online Portal for easy case submission
Our online broker portal makes submitting a case quick and simple.
If you already have a login, just click here to get started. If you don’t have a login, click here to complete the registration form. Registration will happen within 24 hours (weekdays only).
If there is an urgent case you wish to discuss, please call our sales team between 9am-5:30pm Monday-Friday on 0344 770 8032.
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Contact Details
At Foundation Home Loans, we believe that it’s our relationships with brokers which are key to business success. We love to talk a case through. so contact our Internal Business Development Managers on 0344 770 8032 or request a callback here.
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