NEW – 5.49 x income if: Applicant/s can evidence 12 months of rent* or One applicant earns at least £75k (previously £100k) *where rental payments are within 10% of new monthly mortgage payment. In other news… Simultaneous Completion is no longer required (up to 80% LTV) We will allow capital raising to purchase a BTL in a Ltd […]
Rental history or £75k income unlocks 5.49x lending Read More »
HMO lending can be complicated, but it doesn’t have to be. At Foundation Home Loans, we’ve built one of the broadest and most flexible HMO ranges in the intermediary market. Designed for cases that don’t always fit the high street mould, our HMO range is a great fit for brokers working with us for the
Expert HMO lending built for every case: small, large, complex or expat Read More »
Our latest blog looks at the rise of diverse income sources and foreign nationals in the UK workforce is creating a growing demand for specialist lenders, as traditional banks struggle to serve these complex borrowers. With around 9 million self-employed or non-UK workers in the UK, but specialist lenders serving only 10% of the mortgage
Complex borrower profiles on the rise, specialist finance stepping up Read More »
More than half of Small Business Owners feel their employment status negatively impacts their property ambitions Over half (53%) of small business owners feel their employment status has negatively impacted their property ambitions, according to research from The Mortgage Lender (TML). Of those who felt this way, 21% said they have had to consider abandoning
Employment Status Negatively Impacts Property Ambitions Read More »
Clients could borrow even more with our improved loan to income multiples We’re improving our loan to income multiples (LTIs). This, together with our March affordability rate improvements, means we could help many more of your clients secure the mortgage amount they need. Plus, we’re simplifying our repayment and interest only LTI multiples and increasing our
Santander to improve LTI multiples so clients could borrow more Read More »
Staged Income – What Mortgage Advisers Need to Know In recent months, we have seen a marked increase in lender warnings issued to mortgage advisers regarding staged income cases, as well as instances of advisers being removed from lender panels. While panel removal can sound serious, it’s important to recognise that these situations are almost
Staged Income | What Mortgage Advisers Need to Know Read More »
When we speak to brokers, I often hear the same concerns: Many landlords have multiple BTL properties with first charge lenders who won’t grant consent for a second charge. They prefer not to remortgage, as their existing rates are low — but that means they can’t access equity to expand their portfolio. The good news?
Unlock Equity Without Remortgaging Read More »
We are making you aware of some changes to our lending policy for New Build properties. Extra Plans – Maximum LTV Accepted For New Build Properties The following maximum LTV caps will apply for new build properties on our extra plan for any new applications received: New build Houses – 92.5% LTV New Build Flats
Changes to New Build Criteria – Residential Mortgages Read More »
We’re continually evolving our product range in response to market conditions, helping advisers offer the right solutions to their landlord clients. That’s why we’re pleased to announce a number of rate and fee reductions as well as the launch of new 65% LTV products. Please see further details below: New: 65% LTV Two‑Year fixed rate products
We’re Cutting Rates and Fees on Selected Products Read More »
We’ve refreshed rates across our residential ranges today, including shared ownership – perfect for those that need an extra helping hand getting on the housing ladder. What’s new: Standard range – 5 year fixed, 75% LTV, now from 5.89% Shared ownership – 2 year fixed, 75% LTV, now from 5.79% Highlights: Available for purchases and
Rate Refresh incoming Read More »
