On Wednesday 19th October 2022 at 5:30 pm Foundation Home Loans will be withdrawing all residential and buy-to-let rates and replacing them with a new range on Thursday 20 th October 2022.
Any DIPs on the current products will need to be submitted by 5.30 pm on Wednesday 19th October, which will secure the product for 3 working days until 5.30 pm on Monday 24th October 2022. The DIP must be converted to a full FMA and submitted before 5.30 pm on Monday 24th October.
DIPs relating to these current products which have not been converted to FMA and submitted by 5.30 pm on Monday 24th October will no longer be valid.
All application fees and valuation fees must be paid within 5 working days of submitting a full mortgage application. FMAs which do not have their application fee or valuation fee paid by 5.30 pm on the 5th working day after submission, will no longer be valid.
Please convert existing DIPs to full mortgage applications as soon as possible.
Please note that Foundation’s broker portal will be down from 5:30 pm on Wednesday 19th October in order to process this change, it will be available again from Thursday morning.