Foundation Updates

08 July 2020

Catching up on our buy to let products

We have been making changes to our buy to let range recently.

With so much activity in the market, we know it is tricky for you to stay up to date with all the latest. So, I thought I would provide a summary of recent changes:

  • ICRs for limited company and basic rate tax payers is now @125% - and this applies to all applicable property types
  • HMOs are available to 75% LTV
  • Short term let products are once again available
  • Large loan product is back (max loan £2m)
  • We have 2 year discounted rates with no ERCs
  • Clients can have a 5 year fixed rate on a standard BTL property at just 3.59% (up to 75% LTV)
  • For HMOs, a 5 year fixed rate is currently 4.64% (up to 75% LTV)
  • And all loans revert to BBR

Oh, and before I sign off, the above is to do with our buy to let range….in case you missed it, check out our latest changes to our residential range too.

Recommended Articles

Foundation Updates

30 Jul 2020
Foundation Home Loans

New 80% LTV products and more

Foundation Updates

09 Nov 2020
Foundation Home Loans

Support for the stamp duty deadline

Foundation Updates

29 May 2020
Foundation Home Loans

Your questions on our pipeline products and criteria answered

Request a call back