As part of its range of specialist residential mortgages, Foundation Home Loans is launched a new range of owner occupied mortgage products with enhanced Loan-to-income limits specifically for Professionals.
Joint applications are permitted up to a maximum of two applicants, one of which must be the Professional, qualified in and currently practising in one of the eligible professions, and over the age of 25.
Available to first time buyers and none-first-time buyers, for purchase or remortgage, on a capital and interest repayment basis only.
Professional Mortgage
- Loan to income ratio of up to 6x income
- 2 year discount rates with no ERCs from 2.84%
- 2 year fixed rates from 2.99%
- £1,495 produce fee
- Maximum loan £650k
- Minimum age 25
- Rate tiers up to 75% and 85% LTV including for first time buyers
- One free standard valuation
On the affordability calculator, simply select Professional from the specialist mortgage type dropdown to enable the enhanced income ratios.
Find out about the Foundation Professionals mortgage (including a list of eligible professions) here.
