As of Tuesday 17th May 2022, Foundation Home Loans have launched a new 2-year discount rate product on their F2 range for portfolio & non-portfolio landlords with some historic credit blips. The new Discount rate product is available up to 75% LTV and comes with one free standard valuation and no ERCs – allowing for greater flexibility.

  • NEW F2 buy to let 2-year ERC-free discount up to 75% LTV with a current initial pay rate of 3.19% (reversion – 2.80%)
  • One free standard valuation
  • 2% product fee
  • Purchase and remortgage

In addition to this product, Foundation have also made the following changes to their buy to let range:

  • Reduced their F1 Expat discount product by 25bps to 3.49% (reversion – 2.50%)
  • One free valuation added to discounted products across the range
  • Green mortgages now include no application fee as well as one free valuation

Foundation have also released new fixed rate pricing across the buy to let range up to 80% LTV, while their 85% LTV rates remain unchanged.

You can find out more by checking out the latest product guide today.

[Download product guide]

 

 

 

 

 

 

 

Why use Foundation for your next BTL case?

Who for?

  • Experts in individual or limited company applications
  • Up to 4 directors & no personal guarantees needed for shareholders
  • Limited companies/SPV with complex structures
  • Shareholding can include other companies
  • Newly formed SPV’s and flexible deposit sources including Intercompany loans
  • No min income or employment/self-employment history
  • First time landlords considered
  • Ex-pats considered as individuals or limited companies

How much?

  • Up to 85% LTV & Loans up to 2m (on core range)
  • ICR of 125% for limited company borrowers and basic rate taxpayers
  • No limit to portfolio size, subject to maximum borrowing of £5m with Foundation
  • Portfolio in the background stress tested at 100%

What for?

  • HMOs: standard to 6 bedrooms, large up to 8 bedrooms and MUBs: up to 10 units
  • Short term lets in personal or SPV structures
  • Day 1 remortgages
  • Products without ERCs
  • Range of Green Products for properties with EPC rating A-C

FOR INTERMEDIARIES ONLY

© 2018 Foundation Home Loans is a trading style of Paratus AMC Limited. Registered Office: No.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company No. 3489004. Paratus AMC Limited is authorised and regulated by the Financial Conduct Authority. Our registration number is 301128. Buy to let mortgages are not regulated by the Financial Conduct Authority. Calls may be monitored and recorded.