New Green Products For HMO And Short Term Lets From FOUNDATION HOME LOANS

As of 17th March 2022, Foundation Home Loans have introduced a new range of specific products for landlords looking to purchase or remortgage a buy to let specialist property including Short Term Lets and standard HMOs (up to 6 occupants) that have an EPC rating of A-C. Products in the new range will have a reduced product fee of 0.75%, are available up to 75% LTV, and also benefit from a tiered cashback upon completion of up to £750.

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IMPORTANT MESSAGE TO ADVISERS ABOUT RUSSIA AND INCREASED MONEY LAUNDERING REQUIREMENTS

We have all watched the tragedy evolve in Ukraine with great sadness and anxiety. It is therefore essential that we remain vigilant to ensure we are not a party to any financial crime that aids the conflict. The FCA has recently published the below announcing the new financial sanctions against Russia. It is your regulatory responsibility to ensure you are strictly following the guidance.

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With effect from 8th March Molo is enhancing its criteria as follows Molo Maximum customer exposure has been increased Current Policy Maximum 3 loans per customer to a maximum aggregate exposure £3,000,000 New Policy Maximum 10 loans per customer to a maximum aggregate exposure £3,000,000

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