0330 303 0236

Change in BTL products and adverse range

three-colour-strip

With immediate effect Foundation Homeloans have made new change to their BTL products and updated adverse criteria.

Summary of changes:

  1. Withdrawn ALL current BTL products
  2. Re-launch with new products
  3. First Time Landlordsare now available on BTL-F1 & BTL-F2 Products (This excludes HMOs, STLs & Large Loans)
  4. Adverse criteria has been amended whereby Credit cards has been merged with other revolving credit and the criteria changed as follows:

BTL Adverse

F1

 

F2

 

F3

Credit cards, Mail Order, Comms & Utilities

Worst status of 2 in 24 months. Up to date on application

 

Worst status of 3 in 24 months. Up to date on application

 

Worst status of 4 in 24 months. Up to date on application