As of today (Thursday 4th August 2022), Foundation Home Loans have launched a Summer Special Buy to Let product. The features of this product include:
- F1 5-year fixed rate at 4.59%
- Up to 75% LTV
- Product fee 2%
- One free standard valuation
- No Application fee
The Summer Special is available for both limited companies and individuals looking to either remortgage or purchase.
In addition to this new Summer Special product, Foundation has current turnaround times of 1 day for DIP referral, application, and underwriter review.
George Gee, Managing Director (Commercial) at Foundation Home Loans, said,
“We are pleased to be able to support our intermediary partners with rate reductions coupled with a compelling service proposition offering clients the benefit of great products delivered in a timely fashion.”
You can find out more by checking out the latest product guide today.
Residential Product Guide
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 SPV’s 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 mortgages for properties with EPC rating A-C
