As of today, Thursday 27th October, Foundation Home Loans have made changes to their buy-to-let products for purchase and remortgage.
The New Buy to Let Range Includes:
- 2-year ERC-free Discounted Variable rate buy to let products starting at 5.99%
- 5-year Fixed rates across the F1-F3 tiers
- 5 year fixed Green ABC+ with one free valuation and no application fee
You can find out more by checking out the latest product guide today.
Why use Foundation for your next BTL case?
Who for?
- Experts in individual or limited company applications
- Up to 4 directors & no personal guarantees are needed for shareholders
- Limited companies/SPV with complex structures
- Shareholding can include other companies
- Newly formed SPVs and flexible deposit sources including Intercompany loans
- No min income or employment/self-employment history
- First time landlords considered
- Ex-pats considered as individuals or limited companies
How much?
- Up to 85% LTV & Loans up to 2m (on core range)
- ICR of 125% for limited company borrowers and basic rate taxpayers
- No limit to portfolio size, subject to maximum borrowing of £5m with Foundation
- Portfolio in the background stress tested at 100%
What for?
- HMOs: standard to 6 bedrooms, large up to 8 bedrooms and MUBs: up to 10 units
- Short term lets in personal or SPV structures
- Day 1 remortgages
- Products without ERCs
- Range of Green Products for properties with EPC rating A-C
