Welcome to Foundation Home Loans. We are a specialist buy to let and residential mortgage lender, providing flexible solutions for your more complex cases.
Updated 14.05.2021
Time to answer:
5 minutes 10 seconds
Average time to answer broker desk calls.
DIP referral:
Buy to let - 1 day
Residential - 1 day
Decision in principle referral time.
Application review:
Buy to let - 2 days
Residential - 3 days
Maximum time to review a full mortgage application.
Underwriter review:
Residential - 2 days
Maximum time for underwriter to review once all requirements (including valuation) are met.
Lending criteria
A case to place?
Green mortgage options are expected to be a growing option for landlords and owner-occupiers over this next decade and we are pleased to be among the trail blazers with our ‘Green Reward’ remortgages.
With Q1 2021 now behind us, it seems like a good time to take stock of what has happened during those first three months, and what the rest of the year might bring.
Today, we have reduced the product fees on our three limited edition, limited company buy to let products.
As some lockdown restrictions are lifted, the scale of the impact on household finances and its likely consequences on the UK economy remain to be seen.
Our Solicitor Panel is managed by ULS technology, and we took that decision to support you, the broker.
Today, we've launched a new suite of residential products, including 90% LTV, large loan, fee assisted and more for those borrowers who just miss out on the high street.
With the majority of 2020 and the early part of 2021 having a significant impact on many individuals’ income and financial situations, we anticipate that the self-employed particularly will require specialist residential finance going forward, whose propensity for complex income structures often throws them out of mainstream lending criteria.
Today, we've launched a Green Reward Remortgage as part of our residential range.
An important trend is that interest from new investors, ‘first time landlords’ continues to grow.
With the majority of 2020 and the early part of 2021 having a significant impact on many individuals’ income and financial situations, we anticipate that an increased number of cases will require specialist residential finance going forward.
We've cut a number of rates across our standard and HMO ranges, and we've launched a new limited edition limited company buy to let five year fix and two new short term let products.
Green mortgages and green finance are areas which represent huge potential for lenders, intermediaries and borrowers.
What’s the difference between a limited company portfolio landlord, compared to a portfolio held by an individual or group of individuals?
Why is it so advantageous to use a specialist solicitor for a specialist case? And why does it help to use a solicitor who already works closely with your lender?
Covid-19 has changed the financial landscape for businesses and individuals across the country.
As of today, we have launched two new exciting limited edition, limited company buy to let products.
We believe that the move to improve carbon emissions in the property sector remains critical in 2021. Here are 6 reasons to speak to us about a green mortgage for your landlord clients in 2021.
We continue to develop our product proposition to service the specific needs of the modern landlord in the modern mortgage market. Whether through the addition of lower-value properties, HMOs or multi-unit blocks.
We may still be in Q1 but there are plenty of reasons to be optimistic that landlords will remain active over the course of 2021 as shown in our latest research carried out by BDRC.
Despite shifting market dynamics and lingering economic uncertainty, the fundamental principles underpinning the UK private rented sector remain strong.
We have made significant rate reductions today on our residential and buy to let products.
Today we have launched our exciting new Green Reward remortgage product.
No extension of the current stamp duty reduced rates period has been announced, and we have to work on the basis that it won’t be forthcoming.
We have cut rates on many of our 80% LTV residential products today and introduced two new 85% LTV products.
One of the core parts of our lending proposition, given that we only offer our mortgages via advisers, is responding to feedback and seeking to find solutions to the issues raised.
Today we’ve introduced exciting new limited edition, limited company buy to let products with reduced product fees.
Just because the stamp duty deadline has been shunted back 3 months, we must all still plan for the impact it will have on our new business pipelines.
As of today, we have cut the rate on our five year buy to let fixed rate mortgage at 75% LTV.
We've recently expanded our resources across the underwriting, new business and sales teams.
Our very own Grant Hendry and TWM solicitor Julian Sampson recently sat down to discuss the upcoming stamp duty deadline.
Our key valuer partners have announced that they are to continue with physical valuations in England and Wales despite the new national lockdown.
Back in November, the Chancellor Rishi Sunak further extended the furlough scheme to provide additional support for a variety of businesses and individuals.
The response to the ‘reopening’ of the housing market after the first lockdown in 2020, especially from a specialist lending perspective, was incredible.
With so many specialist property types or properties with specialist uses, Gemma Lang, our Regional Account Manager for the East of England, tells us what specialist property mortgages we can help you with.
Today we’ve introduced a number of new products, price and criteria changes across both our buy to let and residential ranges.
Following your feedback, we have made improvements to our broker portal to enable us to get to underwriting your residential cases sooner.
The housing and mortgage markets have been buoyant during the 3rd Quarter and into Q4, fuelled largely by the SDLT temporary reduced rates for house purchases completing before 31st March 2021.
It’s testament to the UK’s continued appetite for homeownership, government intervention and sustained commitment from lenders that we're in this quite remarkable position at the end of 2020.
The impact of the second national lockdown was far less severe than the initial lockdown period on the property and mortgage markets.
We now accept ‘no search indemnity insurance’ for purchase and remortgage transactions, with the exception of purchases and/or remortgages of HMO and MUB properties.
Recent mortgage data from CACI suggests there is likely to be significant number of product maturities in December - valued at £33.18bn - while 2021 could see the total maturity figure hitting £250bn.
We are making some exciting re-mortgage additions to both our buy to let and residential product ranges today.
Our latest research via BVA BDRC landlord survey for Q3 shows that HMO properties outrank all other property types by quite some way.
We understand that getting your clients cases through can often be a time-consuming process.
The landscape has been rocky for property investors for the last three years.
We're here to support those extra-ordinary clients with unsual income sources or those recently self-employed who may now no longer be fitting the criteria of mainstream lenders.
First and foremost, we're still accepting new business as normal and continuing to make the underwriting process as efficient as possible for you and your clients.
We have listened to your feedback and simplified the supporting documentation required for residential mortgage applications.
As our lives continue to adapt, we lenders are constantly listening and evolving how best to interact with our adviser partners and their clients/our customers.
We've listened to your feedback and made our limited company cases even more straightforward.
Great news! We’ve made an exciting addition to our buy to let range today that you need to hear about.
We've put together our top tips to speed up your clients’ residential application.
Our buy to let range is undergoing some exciting enhancements today.
As the property and mortgage markets change, so do the needs of your clients and the types of expertise you must offer.
Our residential range is undergoing some exciting changes today.
We are used to dealing with complex limited company structures, particularly companies using Directors’ loans as deposit.
As experts, we can find you a solution for a broader range of landlord situations.
We’re enhancing our buy to let range today with rate reductions on some of our 5 year fixed rates.
We’ve released some exciting new residential products today.
We’ve launched some exciting new buy to let products today.
We’ve made some exciting enhancements to our buy to let range today.
BDM Gemma Lang shares six questions to help you key in your clients’ application smoothly.
The residential lending landscape has changed immeasurably, particularly in the specialist sector.
We've put together our top tips to speed up your clients’ BTL application.
We have been making changes to our buy to let range recently.
We’ve made some exciting changes to our buy to let range today.
We've made a number of new changes to our residential criteria today.
Rightmove reported a 1.9% increase in asking prices in June compared to March.
My job is usually visiting brokers at their homes, offices, or if I’m lucky a beer garden.
We’ve updated our residential range, including new 5 year products and an increase to our max LTV.
We’ve made a series of changes to our buy to let range today, including reduced rates and more.
We asked Hiten Ganatra, Managing Director, Visionary Finance, about his life in lockdown.
We've been longlisted in the mortgages category at the Financial Adviser Service Awards 2020.
As physical valuations return, here is an important message from one of our valuer partners.
Our CEO and our Head of National Accounts discuss the cost of borrowing amidst this pandemic.
Generating ideas is an important step we can take to help us overcome current and future challenges.
We asked Stephanie Charman from Sesame Bankhall Group about her life in lockdown.
Our key valuer partners have announced that they are resuming physical valuations in England.
We announced late last week that we would return to new lending today. And now we want to share with you a brief overview of what that looks like.
We are delighted to tell you that from Monday 18 May, we will be accepting new business.
We asked Kevin Roberts, Director, Legal & General Mortgage Club, about his life in lockdown.
SEO is the process of increasing the quantity and quality of views your website gets from search engines.
A CRM holds information about the clients you have done / would like to do business with.
We asked Matthew Rowne, Director, The Buy to Let Broker, about his life in lockdown.
We asked Kris Corns, Operations Director, Crystal Specialist Finance, about his life in lockdown.
For a chance to win an Amazon voucher, just submit your score and a winner will be picked at random. Ts & Cs apply.
Email marketing can help to keep you in the minds of your customers, both past and present, when they or their friends are looking to purchase a new property.
During our recent webinar - working through the new abnormal - we asked what questions you'd like answered.
We can’t dress things up, this is a crisis. One that has been extremely sharp.
2020 vision is often referred to as having hindsight. Lots of people are probably thinking, ‘If only’?
We teamed up with Mortgage Introducer to bring you a webinar on working through the new abnormal.
Each lender has their own individual approach to generate and service new and existing business.
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