Foundation Updates
Professionals mortgages with enhanced loan to income multiples
At Foundation, we offer Professionals mortgages as part of our growing range of residential mortgages for owner occupiers with complex income or a need for specialist underwriting.
Professionals mortgages by Foundation
- For first time buyers, home movers, and remortgagers in eligible professions
- Up to six times their income
- Maximum loan size of £750k
- up to 90% LTV (including for first time buyers)
We define a Professional as someone currently practicing and holding the relevant qualification.
A maximum of two applicants per mortgage are permitted, only one of whom needs to be an eligible professional. Our list of eligible professions includes Accounting, Actuarial, Medical, Legal, Surveying, Architecture and Engineering, amongst others.
George Gee, our Commercial Director, said:
"As a leading specialist lender, we are committed to continuously developing and widening our proposition to cater for different types of borrowers with complex needs. We have the expertise to individually assess incomes and we can, for some clients such as professionals, apply enhanced multiples.
“We believe these products offer an additional choice to borrowers who have secured their professional qualifications. The enhanced income multiple we are able to use for these borrowers should allow them to access a wider range of property options.
“This is all about supporting eligible and motivated owner occupiers in the mortgage market; by designing products specifically for professionals, we are able to offer a range of benefits and enhanced terms.”
