Foundation Home Loans Increase Buy to Let Loan Size at 75% LTV to £1.5M and Launch New Pricing Across Entire Residential and Buy to Let Range
As of today (Thursday 20th October 2022), Foundation Home Loans has made changes to their Residential and Buy to let products for purchase and remortgage.
The changes to the range include:
- New buy to let range
- New residential range
- New increased loan size on the buy-to-let range now – £1.5m at 75% LTV
Foundation have also made increases of between 0.3% and 0.95% across both the buy-to-let and residential ranges
They have streamlined the range but continue to offer products in each tier for residential and buy-to-let, as well as in each of their buy-to-let specialist areas, HMO, MUB, short-term let and Green.
Foundation also continues to offer a full range of sub 5.5% discount products without early repayment charges in their buy-to-let range.
Why use Foundation for your next BTL case?
Who for?
- Experts in individual or limited company applications
- Up to 4 directors & no personal guarantees needed for shareholders
- Limited companies/SPV with complex structures
- Shareholding can include other companies
- Newly formed SPV’s and flexible deposit sources including Intercompany loans
- No min income or employment/self-employment history
- First time landlords considered
- Ex-pats considered as individuals or limited companies
How much?
- Up to 85% LTV & Loans up to 2m (on core range)
- ICR of 125% for limited company borrowers and basic rate taxpayers
- No limit to portfolio size, subject to maximum borrowing of £5m with Foundation
- Portfolio in the background stress tested at 100%
What for?
- HMOs: standard to 6 bedrooms, large up to 8 bedrooms and MUBs: up to 10 units
- Short term lets in personal or SPV structures
- Day 1 remortgages
- Products without ERCs
- Range of Green Products for properties with EPC rating A-C