Our new portfolio proposition

 

Where a client has 4 or more mortgaged buy to let properties (or is buying their 4th property), we will assess the background portfolio as follows.

    1. The maximum aggregate portfolio LTV is 75%; this is calculated across the whole portfolio including unencumbered properties

    2. The aggregate portfolio rental cover ratio must be at least 125%, stressed at 5.5%

There is no limit to the existing size of the portfolio and we do not ask for business plans or asset & liability statements.

Note that we will continue to apply our usual rental coverage calculations for any property(s) being mortgaged with Foundation Home Loans.

View our full portfolio criteria.

 

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Current service levels

Referred DIP time:
1 day
FMA review time:
3 days
Post review time:
4 days
Updated 21/11/17

Find out why you should trust us

Lending criteria

Take a look at our lending criteria

We make the complex simple

We’re the common sense lender you can rely on to get the job done. We use clear and efficient processes, set consistent and fair lending criteria and give answers in black and white. On top of this, we have an expert team who have the power to make decisions so you don’t have to wait around.

It’s as simple as that.

Find out more about us

Latest News


1 November 2017

We have launched a new range of flat fee products across our Buy to Let range today.

These complement our existing pr...

Read more
See all

Current service levels

Referred DIP time:
1 day
FMA review time:
3 days
Post review time:
4 days
Updated 21/11/17
Got a question? Or a case to discuss?
A member of our expert team is ready to answer your call.
Weekdays 9am-5.30pm