Foundation Home Loans

NEW PRODUCT LAUNCH – JULY 2020
Over the last few months Foundation Homeloans have regularly looked at ways to enhance their Buy To Let proposition and we’re really pleased to announce even more improvements:
NEW
  • BTL Loans up to 80% LTV, maximum £500,000
  • Rates 4.29% fixed for 2 years or 4.79% fixed for 5 years
  • Available to individuals and limited companies
  • 2% Product fee
NEW
  • Fees Assisted BTL up to 75% LTV, maximum £1,000,000
  • No Lender Application Fee, no packager fee, free valuation, only a 1% Product Fee
  • Rate 3.89% fixed for 5 years
  • Available to individuals and limited companies
HMO & MUB PRODUCT LAUNCH – JUNE 2020
  • Rates from 3.34% to 3.79%, discounted for 24 month
  • NO Early Redemption Charge – allows landlords flexibility to take advantage of low rates AND refinance to a better deal at ANY time
  • Small HMO’s – Up to 6 beds – rates from 3.34%
  • Large HMO’s – Up to 8 beds  – rates from 3.44%
  • MUB’s – Up to 10 units – from 3.44%
  • Also available for student lets
  • 2% Product Fee (can be added at 75%)
OTHER RATES ALSO AVAILABLE
  • Standard properties with rates from 2.94%
  • No ERC’s on standard properties up to 75% LTV
  • £1,995 Product Fee available on large loans – rates from 3.84% fixed for 5 yrs
KEY CRITERIA
  • Rental coverage – 125% to Ltd Co/Basic rate tax payers or 145% to high rate tax payers @5.5% or 5 yr payrate
  • Purchase and remortgage
  • No minimum income
  • Minimum valuation £75,000
  • Minimum loan £50,000, maximum £1.5m
  • Must own 1 BTL in last 6 months 

From Foundation, we are pleased to be working closely with Sylvia Berwin. Sylvia is our dedicated underwriter who works in our office 4 days a week.

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