Foundation are excited to share some updates to their Buy-to-Let (BTL) offerings that will enable you to better serve your landlord clients and portfolio applications!
Foundation are thrilled to announce the inclusion of the following products in their BTL range:
- Multi-Unit freehold Blocks (MUFBs)
- Large Houses in Multiple Occupation (HMOs)
- Ex-Pat Products (with the exception of mixed use)
These additions mean you can now provide your clients with a more comprehensive selection of products, tailored to meet their unique needs.
These products are now available directly through the Buy-to-Let by Foundation online portal.
Not only that Foundation also have some new exciting products!
- NEW: F1 Expat 5 Year Fixed product up to 75% LTV and a 1.5% fee, with a rate of 5.99%
- NEW: F2 Holiday Lets Expat 5 Year Fixed product up to 75% LTV and a 2% fee, with a rate of 6.59%
- F1 5 Year Fixed Green Expat product up to 75% LTV and a 1.25% fee with no application fee and a free valuation, now with a rate of 5.99%
- F2 Expat Standard, HMO and MUFB 5 Year Fixed reduced by up to 0.50%, with rates now starting at 6.09%
- F2 Large HMOs 2 and 5 Year Fixed reduced by up to 0.40% with a 2% fee, rates now starting from 6.19%
- F2 MUFBs 2 and 5 Year Fixed reduced by up to 0.30% with a 2% fee, rates now starting from 5.99%
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“The addition of larger HMOs, MUFBS and Expat products to our core ‘Buy to Let by Foundation’ is a big step forward for the brand, providing access to a wider range of options for all landlord clients, but particularly those portfolio players who are looking to add or refinance such properties.
“We’re aware of many professional landlords with substantial portfolios who either have HMOs or MUFBs already, or are looking to purchase, or indeed are looking to change existing properties to higher-yielding, multi-tenanted ones.
“Adding these to our range, widens the options in such areas, plus we have added specific Expat borrower products covering both traditional lets but also holiday, HMO and MUFB as well. Overall, we believe these new additions will be welcome news for advisers active in the buy-to-let space as we seek to support the ongoing wants and needs of the landlord population.”