Foundation Home Loans

NEW PRODUCT LAUNCH – JUNE 2020
Foundation Home Loans have significantly improved their BTL criteria which now includes EXCLUSIVE HMO & MUB loans up to 75% with NO ERC’s.

It’s fair to say the specialist market is fighting hard to match the demand from landlords and we are really pleased to announce these extremely competitive rates and terms from FHL.
HMO’s & MUB EXCLUSIVE PRODUCTS
  • 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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