Foundation Updates
NEW! – Fee Assisted products for standard HMOs
As of today, Thursday 29th February, we have launched new Fee Assisted products for standard HMOs, and new rates across selected BTL F1 and F2 products.
Buy to Let by Foundation:
- New F2 Standard HMO fee assisted 2 and 5 year fixed rates up to 75% LTV with a 1.25% fee, one free standard valuation and no application fee, rates starting from 6.39%
- F1 and F2 5 year Green fixed rates now starting 5.99% at 75% LTV
- F1 2- and 5- year fixed rates with rates now starting from 5.94%
The existing Specials rates remain.
Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:
“We’re very pleased to be able to launch these brand new, fee-assisted HMO products within Buy to Let by Foundation, particularly as they also come with no application fee and one free standard valuation. As advisers with HMO landlord clients will know, valuations for these types of properties can be expensive so this should be a considerable saving for clients from the outset.
“We continue to offer a strong range of both standard buy-to-let products while our Specials range for landlords remains at the same pricing as when we launched them in January, offering highly-competitive rates for those clients seeking to either refinance their properties or purchase in order to add to their portfolios.
“At Foundation we are seeing strong ongoing landlord appetite and activity, and we’re here to work closely with advisers and their clients to ensure they get the right finance at competitive rates.”
FOR INTERMEDIARIES ONLY
