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  • Mortgages & Finance

    Foundation Home Loans - New 5 yr BTL products



    Specialist lender, Foundation Home Loans, has announced that it has launched two new five-year buy-to-let fixed-rate products and reduced rates across other products in its range.

    The lender is offering a five-year fixed rate mortgage priced at 3.34% up to 65% LTV with a maximum loan size of £1.5m. The product comes with a 0.5% product fee and a rental income calculation of 145% at payrate for individuals and 125% at payrate for limited companies. This is part of the lenders Tier 1 product range for those with near perfect credit record,

    Alternatively, there’s a five-year fixed-rate mortgage available at 3.49% up to 65% LTV until the 31st January 2025 with a maximum loan size of £1m. It comes with a fixed product fee of £1,995 and a rental calculation of 145% at payrate for individuals and 125% at payrate for limited companies or a 75% LTV deal at 3.64% option,with a maximum loan size of £750k. These are part of the lenders Tier 2 products  which is available to those borrowers with recent blips on their credit record

    The rest of the buy-to-let product range has also seen selected rates reduced

    Foundation’s range of buy-to-let criteria currently includes 80% LTV for those who are purchasing or refinancing through a limited company, no maximum client age, acceptance of newly-incorporated limited companies, and a maximum loan size of £1.5m.

    If you have a property or circumstance that may benefit from these changes, then call the PTFS team on 01206 654 444.

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    You can contact me via Direct Message, or 07788 219647 or call the team on 01206 654444 for personalised quote and advice