FHL raises maximum BTL loan size

Published on

Foundation Home Loans has increased its maximum loan size across its buy-to-let range.

The maximum individual loan size increases to £1m for loans up to 65% LTV. For loans up to 75% and for HMOs, the maximum loan size remains £500,000. There is no change to pricing.

Jeff Knight, director of marketing at Foundation Home Loans, said: “We have been receiving an increasing demand from intermediaries for larger loan sizes, so this is a simple move in response to that.

“As a growing specialist intermediary lender, we will continue to identify ways to expand our product proposition to the market.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

FCA warns of surge in impersonation scams as fraudsters target older victims

Almost 5,000 reports of fraudsters impersonating the Financial Conduct Authority (FCA) were made in...

AS Financial rebrands to showcase growth beyond mortgages

AS Financial, the London-based financial advisory firm, has unveiled a bold new brand identity...

Reward Funding passes lending milestone

Reward Funding has passed the £350m loan book milestone for the first time in...

London’s luxury lettings market surges 154% as wealthy tenants opt to rent

London’s prime lettings market has more than doubled in size during the first half...

3.3 million households locked out of home ownership

More than three million households have been priced out of home ownership since the...

Latest publication

Latest opinions

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...

Passing the affordability exam

As teachers and students of various ages have spent August nervously opening exam results...

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years...

Leasehold fees, specialists and the need to shop around

Leasehold properties account for around 20% of all dwellings in the UK, and while...

Other news

Getting to know you: Mike Lawlor, Integrity Wealth Management

Name: Mike Lawlor Age: 48 Location: High Barnet Qualification Year: 2004 Firm: Integrity Wealth Management Specialty: Large loans Education: Politics...

FCA warns of surge in impersonation scams as fraudsters target older victims

Almost 5,000 reports of fraudsters impersonating the Financial Conduct Authority (FCA) were made in...

AS Financial rebrands to showcase growth beyond mortgages

AS Financial, the London-based financial advisory firm, has unveiled a bold new brand identity...