As of today, Tuesday 25th October, Foundation Home Loans have made changes to their residential products for purchase and remortgage.
The new residential range includes:
- 2-year ERC-FREE Discounted variable rate residential products starting at 5.99%
- 2-year and 5-year Fixed rates across the F1-F4 tiers
- Fee-assisted 5-year fixed rates at 75% LTV
- Professionals and Residential Green products with free valuation
You can find out more by checking out the latest product guide today.
Reasons to use Foundation for your next specialist residential case:
Who for?
- Self-employed – directors, partners and contractors; retained profits considered
- Employed – no minimum term in current job (minimum 3 months employed)
- Clients with multiple and unusual income sources
- Holders of credit blips / lower credit scores
- First time buyers
- Eligible Professionals looking for up to 6 x income
How much?
- Maximum loan £2m
- Maximum term 40 years
- Maximum age 75 at end of term
- No minimum income
- Maximum number of applicants is 4 (immediate family)
What for?
- Capital and repayment mortgages up to 90% LTV
- Interest only, affordability calculated on an interest only basis up to 70% LTV
- Capital raising for buy to let purchase accepted
- A part and part mortgage up to 80% LTV
