IMPROVED! - Large HMO with 10 rooms now up to 75% LTV Plus new stress rates!
As of today, Thursday 15th February, we have improved affordability for shorter term Buy to Let products by lowering our notional stress rate from ‘the higher of 8% or pay rate+2%' to 'the higher of 6% or pay rate+2%' (Fixed rates of 5 or more years continue to be calculated at the pay rate).
Foundation Home loans launches 3 new brands with reduced rates
As of today, Tuesday 23rd January, we have announced the launch of ‘Solutions by Foundation’, a new suite of broad and specialist criteria and products for an additional layer of specialist buy-to-let needs, covering multi-occupancy properties, mixed-use property (part-commercial) and expat borrowers.
How we are supporting you in creating better consumer outcomes – Consumer Duty page April 2023
Our mortgage intermediary partners can now access a new set of Product Information Documents to support our joint aims of delivering better consumer outcomes, in line with the new Consumer Duty regulations.
You said, we listened… How we have improved our communication with brokers
You told us your preferred channel of communication with your Foundation regional account manager is via the telephone, closely followed by Teams or Zoom calls – Here’s how we have changed our process to meet your needs.