Foundation Home Loans
Foundation Home Loans is an intermediary only, semi exclusive lender offering buy to let mortgages to landlords who do not meet the mainstream lending requirements of other lenders. Catering for both experienced and first-time landlords, this lender offers a selection of discounted and fixed loan term tracker rates with rates for individual borrowers as well as those who are using an SPV Limited Company.
Foundation Home Loans imposes no minimum income or term of employment and it represents a popular choice with older landlords since it enables borrowers to be aged up to 85 by the end of the term. Lending to ex-pat borrowers as well as those in the UK, Foundation Home Loans accepts many property types as well as landlords who have had credit problems.
Foundation Home Loans offers:
- Buy to let standard products – available for both non-portfolio and portfolio landlords and are available up to £1 million with an LTV of up to 80%. There are 2-year and 5-year fixed deals on a range of rates and LTVs.
- First time landlord products - designed for people who have not had a buy to let property in the last six months, both limited companies and individuals can apply for loans up to £1 million and with an LTV of up to 80%.
- HMO products – designed for products of up to eight bedrooms or freehold multi-unit blocks up to 10 units with loans sizes available of up to £500,000.
- Portfolio landlord exclusive range – with an LTV of 75%, Foundation Home Loans do not limit the size of an existing landlord portfolio and offer 1% arrangement fees, £500 cashback, loans from £150,000 to £500,000 in their exclusive product range with fixed rates and 5-year fixed terms.