Foundation Home Loans introduces Special Edition green BTL two-year discounts

Published on

Foundation Home Loans has extended its ABC+ Green mortgage range with the addition of a set of Special Edition two-year buy-to-let discounted products up to 75% LTV.

These products are available for both limited companies and individuals looking to either remortgage or purchase. They also have an enhanced maximum loan size of £1.5 million at 75% LTV to benefit those landlords looking to borrow more at 75% LTV for their EPC A-C rated properties.

The products are available as part of Foundation’s F1 product range – for borrowers with an almost clean credit history – there is a two-year discount at 3.49% (3.25% discount).

For HMO lending – up to six occupants – there is a two-year discount at 3.74% (3% discount). Meanwhile, for short-term lets there is a two-year discount at 3.84% (2.9% discount).

All products are ERC-free and come with a 1.5% product fee.

In March 2022, the specialist lender expanded its green buy-to-let product range to specialist property types including short-term lets and standard HMOs (up to six occupants).

The lender is currently taking one day to review buy-to-let mortgage applications. The lender is also averaging just 30 seconds to answer incoming calls.

George Gee, managing director (commercial) at Foundation Home Loans, said: “In the recent Q2 iteration of the BDRC landlord panel survey, almost two-thirds of landlords (63%) planning to purchase property in the next 12 months were said to be looking for a property rated A-C and 53% of landlords who had bought a property in the last three months have bought properties with an EPC A-C.

“This data helps demonstrate the changing attitudes and appetites from landlords when it comes to the energy-related performance of their properties and this is an area which will only continue to grow in light of potential legislative shifts which remain on the horizon.

“This enhancement to our ABC+ green mortgage range, through the addition of a set of Special Edition two-year buy-to-let discounts, underlines our ongoing commitment to supporting the green agenda and in providing options to those landlords who are looking to add to their portfolios or remortgage existing properties within them.

“We are only at the beginning of the green mortgage journey and we will continue to drive positive change where possible throughout our buy-to-let and residential propositions.”

Latest POLL

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

MPowered launches YouTube show to demystify homebuying

MPowered Mortgages has created a new YouTube series, On the House, aimed at helping...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Other news

MPowered launches YouTube show to demystify homebuying

MPowered Mortgages has created a new YouTube series, On the House, aimed at helping...

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...