Foundation Updates

09 December 2021

Specialist residential mortgages from Foundation - as easy as ABC!

Which lenders do you think of for those residential borrowers who don’t quite meet mainstream criteria? With Foundation Home Loans, residential mortgages are as easy as ABC.

think…

A – Affordability

B – Broad criteria

C – Competitive Products

… Foundation Home Loans!

Which borrowers can we help you help?

Next time you meet a borrower whose specialist needs take them off the high street, you may have more to offer them than you think.

The ABC of reasons to use Foundation for your next specialist residential case:

A for… Affordability

For Employed borrowers

  • Use 100% bonus & commission
  • No minimum time in role (minimum 3 months employed) and no minimum income
  • Multiple income sources
  • Professionals up to 6x income

For the Self-employed

  • 1 year’s accounts considered
  • 100% of Land & Property income used
  • Directors, partners and contractors; retained profits considered
  • Multiple income sources
  • Professionals up to 6x income

B for… Broad Criteria

  • LTVs from 65% to 90%
  • Including for First Time Buyers
  • Larger loans - up to £2m
  • Maximum term 40 years and maximum age 75 at end of term
  • Maximum number of applicants is 4 (immediate family)
  • Interest only affordability calculated on an interest only basis up to 70% LTV
  • Remortgages with capital raising for buy to let purchase accepted
  • Part and part mortgage up to 80% LTV

C for… Competitive Products

  • Keen rates at all loan to value levels
  • Fee assisted options
  • Low upfront costs
  • Green’ rates for EPC rated A-C properties

Whether for a remortgage or a purchase, considering more income types, for a broader range of repayment terms and with manual underwriting… think Foundation.

Have you got a client in mind already? Try the affordability calculator

Find out more about who we can help Meet our case study customers

For intermediaries only

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