Foundation Home Loans launches multiple property products

Published on

Foundation Home Loans has launched a new series of products specifically for landlords buying or refinancing Multiple Properties Under One Title.

The new product suite is available under the ‘Solutions by Foundation’ brand, which offers broad and specialist criteria and products for an additional layer of specialist buy-to-let needs, covering multi-occupancy properties, mixed-use property (part-commercial) and expat borrowers.

Available to individuals, portfolio landlords and limited companies, and for letting on a standard Assured Shorthold Tenancy (AST), short-term let or holiday let basis, Foundation is able to lend against up to four individual properties or units on one freehold title.

Examples of this include where a number of farm buildings have been converted for residential buy-to-let use, or up to four units/flats within a single block – a ‘traditional’ multi-unit freehold block – but on one title rather than multiple titles.

Products include two and five-year fixed rates, available to both 65% and 75% LTV, with rates starting at 6.69% for the two-year deals and 6.54% for five-year. The product fee is 2%.

The maximum loan size for 65% LTV is £3 million and £2 million for 75% LTV, with a minimum loan size of £100k.

Tom Jacob (pictured), director of product and marketing at Foundation Home Loans, said: “By launching ‘Solutions by Foundation’ at the start of year, we have been able to look at more specialist lending requirements and to offer specific products that fit these niche areas, but are increasingly in demand.

“These new products for landlords seeking to either buy or remortgage Multiple Properties Under One Title fit that particular billing, and not only can we offer them for standard buy-to-let AST rental agreements, but we can also cover both short-term lets and holiday lets, which we believe is a strong offering within this particular sector of the PRS.

“Increasingly, landlords are looking at ways to broaden their portfolio, increase their yield, and focus on different areas of the rental sector. The concept clearly has similarities with existing Multi-Unit Freehold Blocks but in this scenario we can lend on up to four dwellings or separate houses or flats on just the one title.

“We’ll continue to look at opportunities such as these within the ‘Solutions by Foundation’ range and would urge advisers to look at our more traditional buy-to-let product range plus these specialist options in order to provide a full range of options to their landlord clients.”

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

Access FS appointment to lead recruitment strategy

Access Financial Services has appointed Rob Jarvis as business development manager, tasking him with...

Accord Mortgages cuts residential rates by up to 0.40%

Accord Mortgages has cut rates on a broad range of residential products, with some...

Construction output rises in Q2 but new orders slump

UK construction output rose in the second quarter of 2025 but a sharp fall...

Atom bank lowers prime and near prime rates again

Atom bank has announced further rate cuts across its prime and near prime mortgage...

Mortgage arrears fall but possessions edge higher

Mortgage arrears across both the homeowner and buy-to-let sectors fell in the second quarter...

Latest publication

Latest opinions

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

Other news

Economic uncertainty weighing on business borrowers

Taken as a whole, Atom bank’s SME Pulse for Q2 shows the current robust...

Access FS appointment to lead recruitment strategy

Access Financial Services has appointed Rob Jarvis as business development manager, tasking him with...

Accord Mortgages cuts residential rates by up to 0.40%

Accord Mortgages has cut rates on a broad range of residential products, with some...