Case by case – complex cases with expert solutions
At Foundation Home Loans, we know no two landlords, or their portfolios, are the same. That’s why our products are designed to support complex cases with flexible, expert solutions. Check out the following example of how we can help landlords with tricky standard HMO limited company cases.
The problem:
A landlord operating via a limited company was looking to remortgage a 6-bedroom HMO in a university town. The property was fully let on individual ASTs to student tenants and had recently undergone a high-spec refurbishment to improve rental yields. The client also needed to raise capital to help fund their next acquisition. Their existing lender wouldn’t accommodate HMOs with over 5 bedrooms or allow capital raising for further investments.
The solution:
Foundation Home Loans’ HMO range was built for exactly this as it allows unlimited bedrooms and accepts properties let on multiple individual tenancies. We also apply generous rental stress tests, especially on 5-year fixed rates, which made it easier for the client to release the equity they needed without compromising on loan size. Our product’s acceptance of limited company ownership and the absence of portfolio limits meant the client could continue scaling their business through this route.
If you’ve a similar case on your desk, please reach out to your regional account manager today – we’re happy to help. Talk to us today.