Welcome to Foundation Home Loans. We are a specialist buy to let and residential mortgage lender, providing flexible solutions for your more complex cases.
Please note our telephone lines close at 12pm today for Staff Training, and will re-open at 9am Wednesday 20th October.
Time to answer:
Average time to answer broker desk calls.
Buy to let - 1 day
Residential - 1 day
Decision in principle referral time.
Buy to let - 3 days
Residential - 3 days
Maximum time to review a full mortgage application.
Residential - 4 days
Maximum time for underwriter to review once all requirements (including valuation) are met.
With over 1000 years combined sales and underwriting experience, we are here for you and your clients with more complex buy to let or residential mortgage needs. Watch the video to discover more about how we can help you.
Our Solicitor Panel is managed by ULS technology, and we took that decision to support you, the broker.
On the back of such an uncertain period for many people, it’s vital for lenders to establish a real understanding of how people view their homes (whether rented or owned), how/why any views may have shifted and how people have adapted. Not to mention, future property objectives and their perceptions of the current mortgage market.
Many questions have been asked of employed and self-employed people over the course of the pandemic and, as a lender and as an industry, we are constantly evaluating how to better service their borrowing needs.
The return to studying without Covid restrictions represents great news for students and landlords alike as towns with large student populations have long proved attractive investment opportunities, as shown by our continued landlord interest in mortgages for HMOs.
The buy to let sector has experienced many ups and downs over the years but it has always come out the other end stronger.
As one of the first specialist lenders to launch a green mortgage offering, our ongoing aim is to help a variety of borrowers to benefit from energy-efficient properties, and positive and feedback from our intermediary partners suggests that a growing number of landlords, homeowners and potential homeowners are becoming more environmentally conscious when it comes to their homes and investments.
For portfolio landlords, the quest to maximise yield (price versus income) is a constant one, and several UK regions are currently fitting this agenda.
Today we have launched a full re-release of our entire buy to let product range with fees reduced by up to a full 1% at the same time as rate reductions of up to 0.25%, plus the introduction of a new Short Term Let product with a flat fee.
What does the future hold? It's all about fintech, isn't it? Or is it? Robots have brought a huge amount to our underwriting, but the need for human assessment of clients’ complex situations is an area where Specialist Lenders are taking the lead. An interview with Mark Whitear, Head of Commercial Development.
The importance attached to the advice process in sourcing appropriate and responsible solutions to combat the challenges of homebuying has never been more apparent, yet some potential borrowers continue to go it alone.
It will come as little surprise that the effects of the last 18 months are now resulting in rising demand for flexible underwriting for complex income residential cases; and this is true for both employed and self employed borrowers.
As a lender, we are always striving to assess landlord profiles, what they are looking for from a lender, what a ‘typical’ portfolio might look like and how various landlords are reacting to current market conditions.
Every quarter, in conjunction with BVA BDRC, we ask around 900 landlords for their insight on every aspect of the buy to let market, including portfolio sizes, borrowing intentions and view of the current markets.
I’m sure we can all appreciate the highs and lows experienced across the self-employed community over the past 12 months and some of the existing shortfalls when it comes to their mortgage requirements.
At Foundation Home Loans we find solutions for financial needs...
We've launched a number of new products, including fee assisted options for purchases as well as remortgages, two fixed fee HMO and multi unit blocks (MUB) deals, in addition to rate reductions on our 80% LTV products.
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 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.
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.
What’s the difference between a limited company portfolio landlord, compared to a portfolio held by an individual or group of individuals?
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.
Following your feedback, we have made improvements to our broker portal to enable us to get to underwriting your residential cases sooner.
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.
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.
Our residential range is undergoing some exciting changes today.
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.
The residential lending landscape has changed immeasurably, particularly in the specialist sector.
We have been making changes to our buy to let range recently.
We've made a number of new changes to our residential criteria today.
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.