Here is a quick reminder of how Foundation Home Loans can help you!
Residential
- Joint Borrower Sole Proprietor
- Key Workers – 5.5 x income
- Professional Mortgages – 6 x total income for key professions.
- £4£ remortgages – modified calculator so no LTI caps
- Up to 4 applicants on one application
- Earned income considered to 75
- Flexible approach to self-employed: 1 years and latest years accounts considered as well as net profit.
- Interest Only(70% on pure IO, 80% if P&P) – no min income, 150k equity if downsizing(200k if in London and South)
- Interest Only loans calculated on IO basis
- Up to 85% LTV Capital Raising with No debt to income ratio – ignore debts to be repaid
- Credit blips considered with cascade products available
- Multiple incomes @ 100% considered incl. land & property and bonus/commission.
- Professional Sportspersons considered(please refer)
Buy to Let:
- Consumer BTL
- Day 1 remortages for all types of properties(OMV can be considered)
- First Time Landlords for all types of properties(HMOs and Holliday lets incl)
- LTD Co SPV – 4 directors allowed – unlimited shareholders
- Intercompany loans accepted as deposit – Mirrored ownership NOT required
- Unlimited BTLs in background – Bespoke stress test calculation, must be self-financing
- No minimum income requirement
- Larger portfolios accepted
- Non-residential owners, but who own a BTL property
- Holiday lets, using Mid/High/Low rental income
- Flats under 30 SqM considered(please refer)
- Investor-Led blocks(Please refer)
- MUFB – can consider units below 30sqm and utilities not split
- No Maximum number of Bedrooms for HMO cases, and 12 Units for MUBs
- Expats
- Foreign Nationals living in the UK without ILR or PRR
Solutions:
- Mixed Use(Semi-commercial)
- Multiple Properties on One Title(Incl. Holiday Lets)
And as always, we really appreciate all your support and the business you have placed. Please keep testing us as a lender, we can do more than just ‘what it says on the tin’ for our Key Partners. We want to help more of your clients.
For all case updates please contact our Broker Support Team on: 0344 7708032