FOUNDATION HOME LOANS GREEN ABC PURCHASE MORTGAGE STARTING AT 1.99% FOR PROPERTIES WITH EPC RATING A

Foundation Home Loans, the intermediary-only specialist lender, has today (6th July 2021) launched a set of Green ABC mortgage products specifically for buy to let purchases.

The new range consists of three new two-year variable discount rates available to individual landlords as well as limited companies seeking to purchase a property on a variable rate without early repayment charges, and are priced according to the EPC rating of the property, starting as low as 1.99%.

·         EPC A rating: discount of 3.1% giving current rate of 1.99%

·         EPC B rating: discount of 2.8% giving current rate of 2.29%

·         EPC C rating: discount of 2.6% giving current rate of 2.49%

·         Up to 75% LTV

·         2% product fee

·         No ERCs

·         For purchases up to £1m

·         Discounted rates starting from 1.99%

·         Available to individuals as well as limited companies

·         No limit to the background portfolio size, subject to a maximum of £5m with us

ICR is calculated at 5.5% and stress tested at 125% for limited companies and basic rate tax payers, and 145% for other landlords.

 

VIEW THE FULL PRODUCT GUIDES HERE

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