Foundation Home Loans is fully supportive of the Government’s Homes for Ukraine Scheme.
If you are considering applying to be a sponsor under the Homes for Ukraine Scheme please find further details here:
Please fully consider your financial circumstances before participating in this Scheme.
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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.
This is a summary of how to complete a portfolio template right first time, showing the different property types and ownership types of the properties in an example portfolio, demonstrating the mandatory fields and how they are formatted.
As existing products mature, the question is – how might this impact future profitability and could this impending rate shock stop some smaller landlords from adding to their portfolios?
Unfortunately, the Covid 19 pandemic affected many Self-Employed business owners and their staff. However, as a specialist lender who underwrites residential cases individually, we have worked hard to apply a risk-based and common-sense approach to manually underwriting these types of borrower, in order to offer the very best criteria and service possible.
Dynamics across the rental sector have always been fluid, and the requirements of a variety of rental properties continue to evolve in terms of length of tenancy, space, property type and location, especially with the emergence of a new remote working culture. A lack of supply and heightened demand is also combining to drive rental prices higher.
As of Thursday 4th August, we have launched a Summer Special Buy to Let product. The features of this product include:
Rental yield is one of the most important considerations for landlords and calculating this represents one of the simplest equations. However, more than 1 in 4 landlords (28%) don’t know their rental yield or are unsure how to calculate it.
With service timings of just 1 day for new applications and 2 days for underwriter review of full cases with valuation, we welcome mortgage applications and are pleased to offer two more Limited Edition products, this time for your residential clients.
It’s no secret that regulatory shifts and tax changes have impacted BTL margins in more recent times and that a strong proportion of landlords – especially those at the more professional end of the spectrum – are carefully evaluating a range of options to help reduce tax burdens, increase yield and manage their outgoings.
The data also revealed that 9 in 10 landlords are aware of the new EPC ‘C’ legislation. So what expert advice can you offer to landlords about the green mortgages available to them?
Sustainability has become an essential goal for many different businesses over the last few years, where sectors would look at how environmentally conscious they are being. One of the main sectors that’s seeking out to include sustainability and tackle climate change is the housing market.
We are a BTL specialist lender with thousands of portfolio landlords on our books, but why do brokers choose to use us for their portfolio BTL cases?
According to our most recent research, carried out in March 2022 in partnership with BVA BDRC, an all-time-high proportion of landlords, 62%, are reporting that tenant demand has grown, as cities recover from the Pandemic lockdowns.
Almost 9 in 10 landlords are fully engaged with the Minimum Level of Energy Efficiency’ (MEES) EPC ‘E’ standard, and most are using their savings to pay for the upgrades.
Every quarter, we work with BVA BDRC to survey around 700 landlords about their portfolios. For the first quarter of 2022, here’s what they told us.
A ‘How to’ guide by Gemma Lang, Regional Area Manager at Foundation Home Loans
As you know, we lend on Short Term Lets in England, Wales and Scotland, but what does “Short Term Let” really mean?
Our recent research, in partnership with BVA BDRC states that landlords are feeling more optimistic than they were a year ago, with the percentage of landlords feeling “good” or “very good” about their prospects being higher than they were in 2021.
From 2025, under the current proposals all newly rented properties will be required to have an EPC rating of C or above. Currently, properties only require an EPC rating of ‘E’ or above for us to lend at Foundation Home Loans. Existing tenancies will have until 2028 to comply with the new rule changes.
As of Tuesday 10th May 2022, we have launched a new residential discount product targeted at professionals looking to maximise their income.
HMOs continue to be a strong option for professional landlords who are experienced in dealing with this property type or who have a support network in place to manage their extra demands.
One of the biggest questions landlords have been asking themselves in recent times is, to incorporate or not to incorporate. As ever, the answer lies within the circumstances of each and every landlord and their portfolios.
As of Thursday 14th April 2022, we have launched a new range of Residential Green ABC+ mortgage products. The new range includes fixed and discount rate options, with one free standard valuation.
As of 7th April 2022, we are offering a new BTL Green ABC+ range exclusively for properties with EPC rating of A-C. The new Green products include one free valuation and come with a 1% product fee.
There’s no doubting that information on Energy Performance Certificates (EPCs), their increasing importance, and what that specifically means for landlords and their properties, has grown in recent weeks and months.
In the latest iteration of our research in partnership with BVA BDRC, it was motivating to see landlord confidence increasing Year-on-Year across all the key metrics with - unsurprisingly in light of rampant house price growth - the largest uplift in confidence being capital gains, a rise of 18% Y-o-Y.
Semi-detached properties overtake terraced houses as the most attractive purchase this quarter. The quarterly report on what a ‘typical’ portfolio looks like and how landlords are reacting to current market conditions.
The Government’s Levelling Up White Paper focused heavily on the housing market, specifically looking at what it might do to turn, in its words, ‘Generation Rent’ into Generation Buy’. Here’s how we are part of that movement to increase the number of first-time buyers in every region of the country.
2021 was an extremely busy year for the industry and for Foundation Home Loans. It saw a host of new challenges emerge for borrowers and opportunities present themselves across the intermediary market. As a result, we, like many other lenders have broadened our criteria to create something of a new landscape for intermediaries as we enter 2022.
According to our most recent owner-occupier survey, 67% of all homeowners, or those who want to become homeowners, would consider a lower mortgage rate based on their property’s Energy Performance rating an appealing element when looking at product features.
Today we have enhanced our owner-occupied proposition further with new 90% LTV fee-assisted fixed rates, as well as two additional products for our recently launched Professionals range.
According to our research, four out of five renters want to own a property in the future however cite a number of financial barriers as potentially stopping them from meeting this goal.
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.
A growing number of landlords and homeowners are becoming more environmentally conscious when it comes to their homes and investments... but is it enough?
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? Robots are now a critical part of what we do but the need for human assessment of clients’ complex situations is where Specialist Lenders lead. Mark Whitear, Head of Commercial Development, explains all.
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.
The residential lending landscape has changed immeasurably, particularly in the specialist sector.