Foundation Home Loans unveils limited company ‘specials’

Published on

Foundation Home Loans has introduced a new selection of limited edition, limited company buy-to-let products.

The range contains both two and five-year fixed rate options for those landlords purchasing or remortgaging through a limited company vehicle. The products are part of Foundation’s F1 range for borrowers who just miss out on mainstream credit scores.

The Limited Edition products are:

  • Two-year 65% LTV at 3.09% and 75% LTV at 3.24% – both come with a reduced product fee of 1%.
  • Five-year large loan 65% LTV at 3.19% with a reduced product fee of 2%.
  • Five-year 65% LTV at 3.34% and 75%% LTV at 3.44% – both come with a reduced product fee of 1.5%.

The products are available with a maximum loan amount of £1.5m (65% LTV) and £1m (75% LTV), with the large loan product at £2m. There is no limit to the borrower’s background portfolio size, subject to a maximum of £3m with Foundation.

George Gee, commercial director at Foundation Home Loans, said“These Limited Edition products, purely for those seeking finance via limited companies, now come with a reduced product fee which should make them more desirable for advisers and their landlord clients. The Foundation criteria remains exactly the same as we seek to support all those landlords either looking to add to portfolios or seeking refinancing.”

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

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...