Foundation Launch New Residential ERC-Free Discount And New Professionals Mortgages With Enhanced Income Multiples

As of Tuesday 10th May 2022, Foundation Home Loans have launched new residential discount products at 75% and 85% LTV, targeted at professionals looking to maximise their income. The new Discount rate products come with one free standard valuation and no ERCs – allowing for greater flexibility.

  • NEW F1 Professional 2-year ERC-free discount up to 75% LTV with a current initial pay rate of 2.99% (3.00% discount)
  • One free standard valuation
  • Product fee of £1495
  • Purchase and remortgage
  • On a capital and interest repayment basis only

These products are available for purchase and remortgage on a capital and interest repayment basis only and are available for professionals looking to maximise their income with increased flexibility.

What’s more, Foundation have today also reduced rates across their standard F1 and F2 discount range up to 70bps.

  • F1 2 Year ERC-free discount with a current initial pay rate of 2.94%
  • One free standard valuation
  • Product fee of £1495
  • Purchase and remortgage

Foundation have also released new Fixed rate pricing across the residential range up to 90% LTV.

As a final note, Foundation have reduced selected product fees by £300.

You can find out more by checking out the latest product guide today.

[Download product guide]

 

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