FOUNDATION HOME LOANS REINTRODUCE 80% LTV RATES FOR OWNER-OCCUPIERS, AND NEW 5 YEAR FIXED RATE PRODUCTS FOR F1 AND F2 TIERS AND GREEN.
As of today, Thursday 9th March 2023, Foundation Home Loans have introduced new products in the special and core owner occupied F1 and F2 ranges, and reduced selected fees and rates on their Buy to Let specials for purchase and remortgage.
Foundation’s current service levels continue to average turnaround times of one day for DIP referral, application and underwriter review for all cases.
NEW owner-occupied products and changes include:
- Reintroduction of 80% LTV products in the Core F1 range for 2 and 5 years (including Green), starting at 7.19% fixed for 2 years
- NEW core owner-occupied F1, 2 and 5 Year Fixed Green ABC+ rates with one free standard valuation and £995 Fee starting at 6.99%
- NEW Fee Assisted F1 and F2 5 Year Fixed Rate Specials, up to 65% LTV with reduced fee of £795, with one free standard valuation and no Application Fee. Rates from 6.59%
- Other owner-occupied special rates reduced by up to 10bps and product fees reduced by £500 to £995
Check out the latest residential product guide today.
[Info and product guide]
NEW special buy to let rates include:
- Product Fee on the 2 year Fixed Rate Specials reduced from 2% to 1%
- F1 BTL 5 Year Fixed reduced by up to 0.10% across 65% and 75% LTV now starting at 5.94%
- F2 BTL 5 Year Fixed 75% LTV reduced by 0.10% to 6.19%
- F2 Standard HMO (Up to 6 occupants) 2 Year Fixed 75% LTV reduced by 0.05% now at 6.19% with a 1% product fee
- F2 Standard HMO 5 year fixed 75% LTV reduced by 0.10%, now at 6.24%
Check out the latest buy to let product guide today.
[Info and product guide]
George Gee, Managing Director (Commercial) at Foundation Home Loans, said:
“Much of these product changes focus on our special and core owner-occupier products. We believe this provides a greater array of choice, in particular for those existing homeowner borrowers seeking to remortgage and by dropping the fees on those products, it should also help them in terms of keeping those initial costs down.
“We have been keen to build back up with a broader owner occupied offering, which is why we’re now offering new 80% LTV products for both F1 and Green F1 borrowers, plus we have the new five-year fixes within our core range. It’s recognition of our continued focus on choice, but also our commitment to the Green agenda and ensuring we have a very strong proposition for borrowers with properties who meet the EPC criteria level”.
FOR INTERMEDIARIES ONLY
© 2023 Foundation Home Loans is a trading style of Paratus AMC Limited. Registered Office: No.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company No. 3489004. Paratus AMC Limited is authorised and regulated by the Financial Conduct Authority. Our registration number is 301128. Buy to let mortgages are not regulated by the Financial Conduct Authority. Calls may be monitored and recorded.