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.
- If you are a broker looking to access Foundation please call 0345 148 9238 - we offer a Deal Placement service.
- If you are a landlord looking to access Foundation, please call 0345 345 6788.
About Foundation Home Loans' 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.
FHL has a rates for both individual borrowers and those looking for finance using an SPV limited company. 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 particularly because it do not have an upper age limited for those borrowing through an SPV limited company. For older landlords borrowing personally the upper age restriction is 85 years at the end of the mortgage term. FHL will lend to ex-pats borrowing via an SPV as long as they have one buy to let property in the UK and are paying UK tax on the income.
Minor adverse credit
Foundation Home Loans will also consider landlords with minor adverse credit provided the debt is cleared on application. Although they will check an applicant’s credit profile, lending decisions are not purely based on the credit score.
In addition to standard buy to lets, FHL accepts ex-local authority houses, new builds, studio flats (minimum 30 sqm), HMOs and multi-unit blocks. For landlords looking to get into holiday lets, FHL should be considered as it has products for short term lettings and will accept borrowers advertising on sites such as Airbnb.
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.
Last updated: 3/12/2018
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