NEW! – First Time Landlord standard HMO products

Buy to Let by Foundation:

• NEW F2 2- and 5- year standard HMO (up to 6 occupants) for first time landlords up to 75% LTV with a 2% fee with rates starting from 6.49%
• ‘Standard’ HMOs - up to 6 occupants
• Maximum loan to value 75% to £1.5m
• No minimum income requirement for the First Time Landlord
• We require that landlords must have their own residential mortgage, but no other BTL mortgages are required
• Standard HMOs do not require a commercial valuation
• Please see the Buy to Let by Foundation product guide for more details

Buy to Let by Foundation – other refreshed products

• F1 2- and 5- Year Fixed products with rates now starting from 6.14%
• F2 Short Term Lets and Holiday Lets products rates now starting from 6.44%
• F2 Large Portfolio 2- and 5- Year products with rates now starting from 6.49%

Tom Jacob, Director of Product and Marketing at Foundation Home Loans, said:

“Historically, first-time landlords tended not to begin their property investing journey with more specialist property types, however more recently we have been aware of an increase in demand in this space, no doubt fuelled by a quest for greater rental yield levels, and in order to meet the healthy demand for such tenancies.

“We’re therefore very pleased to be offering these new standard HMO products, specifically for first-time landlords, who can benefit from our experience in this space, plus a 75% LTV product with both competitive two- and five-year pricing.

“Clearly, HMO properties come with greater responsibilities and requirements than standard rental property types and it’s important that advisers play a pivotal role with first-time landlords, helping them understand all that is involved as well as ensuring they have the right finance solution for their purchase needs.”

See our new product guides

FOR INTERMEDIARIES ONLY