Finance available: Buy to let mortgages. Residential mortgages.
Access: Foundation Home Loans is a semi-exclusive, intermediary only lender, meaning rates can only be accessed via a select panel of brokers, including Mortgages for Business.
Buy to let mortgages: Foundation’s offering tends to be aimed at those landlords who do not fit the lending requirements of mainstream buy to let lenders. It caters for both first-time landlords and experienced-landlords, with a selection of fixed, discounted and loan term tracker rates. It has a rates for both individual borrowers and those looking for finance using an SPV limited company.
Unlike most buy to let lenders it does not impose a minimum income amount or minimum time in employment or self-employment. It can be a good choice for older landlords as it allows borrowers up to 85 years at the end of the mortgage term. FHL will lend to ex-pat borrowers as long as they have one buy to let property in the UK. Property types accepted include ex-local authority houses, new builds, studio flats with no restriction on square footage and standard buy to let property. Foundation will also consider landlords with minor adverse credit. Although it will check an applicant’s credit profile it does not base its lending decision on the credit score system.
For more information take a look at our interview with Paul Brett, Director of Business Development at Foundation Home Loans.
To access this lender call The Deal Placement Team on 0345 148 9238 now.
Lenders change their criteria on a regular basis, so this page should be used as a guide only. We will do our best to keep it up to date.
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