Which lenders do you think of for those residential borrowers who don’t quite meet mainstream criteria? With Foundation Home Loans, residential mortgages are as easy as ABC.
think…
A – Affordability
B – Broad criteria
C – Competitive Products
… Foundation Home Loans!
The ABC of reasons to use Foundation for your next specialist residential case:
A for… Affordability
For Employed borrowers
- Use 100% bonus & commission
- No minimum time in role (minimum 3 months employed) and no minimum income
- Multiple income sources
- Professionals up to 6x income
For the Self-employed
- 1 year’s accounts considered
- 100% of Land & Property income used
- Directors, partners and contractors; retained profits considered
- Multiple income sources
- Professionals up to 6x income
B for… Broad Criteria
- LTVs from 65% to 90%
- Including for First Time Buyers
- Larger loans – up to £2m
- Maximum term 40 years and maximum age 75 at end of term
- Maximum number of applicants is 4 (immediate family)
- Interest only affordability calculated on an interest only basis up to 70% LTV
- Remortgages with capital raising for buy to let purchase accepted
- Part and part mortgage up to 80% LTV
C for… Competitive Products
- Keen rates at all loan to value levels
- Fee assisted options
- Low upfront costs
- ‘Green’ rates for EPC rated A-C properties
Whether for a remortgage or a purchase, considering more income types, for a broader range of repayment terms and with manual underwriting… think Foundation.
