Your landlord clients buying or remortgaging via a limited company vehicle can now access even more competitive products. Foundation Home Loans has today reduced the product fees on their three ‘Limited Edition’ Limited Company buy to Let products.
Product details are now:
- F1 Limited Co BTL 2 year fixed 2.99% to 75% LTV with 75% Product Fee (was 1% fee)
- F2 Limited Co BTL HMO 2 year fixed 3.34% to 75% LTV with 75% Product (was 1% fee)
- F1 Limited Co BTL 5 year fixed 3.24% to 75% LTV with 1% Product Fee (was 1.5% fee)
These fee reductions make these products extremely competitive on a total cost basis whilst giving landlords access to generous loan amounts.
Foundation’s BTL fixed rates are designed to support landlords looking for a more generous loan for their rent, as ICR is calculated using the pay rate with a 5-year fix or the notional rate of 5.5% for shorter rates and stress tested at only 125% for Limited Companies.
- For loans between £200,000 and £1m and up to 75% LTV
- For portfolio and non-portfolio limited company applications
- No limit to the borrower’s background portfolio size, subject to a maximum of £3m with Foundation
