At Foundation Home Loans, we know no two landlords, or their portfolios, are the same. That’s why our products are designed to support complex cases with flexible, expert solutions.
Check out the following example of how our semi-commercial product helped an overseas client secure HMO finance with confidence.
The problem:
An expat landlord based in Singapore was looking to refinance a mixed-use property to release equity for
another purchase. The property consisted of a ground floor retail unit with two residential flats above.
Some lenders had declined the case due to one of the residential units operating as an HMO—something not all lenders are willing to accept.
The solution:
Foundation Home Loans’ expat semi-commercial product was the right fit. It allows the commercial element of a property to make up to 40% of both the overall value and the rental income, rather than simply basing it on floor space—comfortably accommodating the setup in this case.
The product also supports expat applicants earning in foreign currencies, with income verified by locally qualified accountants. This enabled the client to refinance and raise capital within a single application, using a product designed specifically for semi-commercial expat cases.
If you’ve a similar case on your desk, please reach out to your regional account manager today – we’re happy to help.