Foundation Updates

23 April 2021

90% LTV and large loan residential products

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.

Our new F1 product range includes new 90% LTV fixed-rate options, priced at 4.99% for two years and 5.19% for five years. These come with no product fee and a maximum loan size of £500k.

We have also launched a new, limited edition large loan product, for loans between £500k and £2m priced at 2.99% fixed for five-year to 65% LTV. The product has a fixed fee of £1,495 and is available on a capital and interest repayment basis.

New to our range is also, limited edition fee assisted products available for both purchase and remortgage purposes with a free valuation and no application fee. Pricing starts at 2.99% fixed for 2 year to 75% LTV, with a 5 year fixed rate option at 3.19% offering loan amounts up to £1m. There is also an 80% LTV two-year option at 3.49% and five-year at 3.69% up to £750k. All of these have a product fee of £1,295 and are available on a capital and interest repayment basis.

We've reduced our 2 year discount rates by up to 0.2%, with rates starting at 2.69%.

These new products follow the launch of our ‘Green Reward’ residential remortgage last week which offers homeowners who have made improvements to their home, and subsequently raised their Energy Performance Certificate (EPC) rating to a ‘C’ or above,  £750 cashback on completion and a reduced product fee of £595.

George Gee, our Commercial Director, said:

"This new product range is designed to support intermediaries in offering more choice of higher loan-to-value and large loan products to their self-employed clients and those with complex income streams.

Our expertise and flexible underwriting allows us to open the door for more borrowers to purchase or remortgage with a lower deposit, or to access larger loan amounts, utilising 100% of more types of income.  

Specialist residential borrowing is likely to grow considerably through 2021 and beyond, and we want advisers to know there is a lender that will fit the bill for the growing number of those clients.”

Visit our residential page


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