Foundation Home Loans has enhanced its owner-occupied proposition further with new 90% LTV ‘fee-assisted’ 2- and 5-year products for residential borrowers, as well as a pair of ‘Professionals’ 5-year fixed rates at 75% & 85% LTV.
NEW ‘Fee assisted’ 90% LTV in the F1 Owner-occupied range
- 90% LTV Fee assisted
- 2 year fixed or 5 year fixed options
- No application fee
- No product fee
- One free standard valuation
NEW 5-year fixed in the Professionals range
- 5 year fixed rates at 75% LTV or 85% LTV
- Fixed product fee
- One free standard valuation
- Capital and interest repayment only
Foundation’s recently launched Professionals mortgage range allows first-time buyers, home movers and remortgagers in eligible professions to borrow up to six times their income.
Find out more about Foundation’s specialist mortgages for owner occupiers, including the latest rates, here.
Reasons to use Foundation for your next specialist residential case:
Who for?
- Self-employed – directors, partners and contractors; retained profits considered
- Employed – no minimum term in current job (minimum 3 months employed)
- Clients with multiple and unusual income sources
- Holders of credit blips / lower credit scores
- First time buyers
How much?
- Maximum loan £2m
- Maximum term 40 years
- Maximum age 75 at end of term
- No minimum income
- Maximum number of applicants is 4 (immediate family)
What for?
- Capital and repayment mortgages up to 90% LTV
- Interest only, affordability calculated on an interest only basis up to 70% LTV
- Capital raising for buy to let purchase accepted
- A part and part mortgage up to 80% LTV
