ALL LENDER UPDATES

New updates for Foundation Home Loans products and system

Ask the Underwriter for their insight on case scenarios

In a second wave of product changes we’re making this week, we’re delighted to announce that our Buy-to-Let Non-Portfolio product is now available for product switches.

Couldn’t make it to MFS’ Lender Spotlight presentation at Knowledge Bank?

Connect have now teamed up with Reliance Bank

As of 17th March 2022, Foundation Home Loans have introduced a new range of specific products for landlords looking to purchase or remortgage a buy to let specialist property including Short Term Lets and standard HMOs (up to 6 occupants) that have an EPC rating of A-C. Products in the new range will have a reduced product fee of 0.75%, are available up to 75% LTV, and also benefit from a tiered cashback upon completion of up to £750.

With 25% of first-time buyer enquiries to brokers being ineligible for any mortgage, millions of would-be homeowners are being left behind. Enter Even: A fair, interest-free equity loan set to empower brokers to help first-time buyers who prefer the charm and character of non-new builds.

With effect from 8th March Molo is enhancing its criteria as follows Molo Maximum customer exposure has been increased Current Policy Maximum 3 loans per customer to a maximum aggregate exposure £3,000,000 New Policy Maximum 10 loans per customer to a maximum aggregate exposure £3,000,000

We will be withdrawing our current 2 and 5 year and Holiday Lets product offerings at 11:59pm on the 15th March and will be launching new rates to these product ranges on the 16th March. To access our current products, all FMAs must be fully submitted by 23:59pm on the 15th March.

TSB has made changes to their Residential products starting from Friday 11 March 2022.