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Foundation Home Loans

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Foundation Home Loans

Foundation Home Loans are an intermediary only lender. They are committed to supporting brokers and ensuring that they can deal with them easily.

Foundation Home Loans offer a competitive and extensive range of specialist Buy to Let and Residential products for those who may have had minor blips on their credit history in the past. Buy to Let products are designed for your landlord clients ranging from first time landlords, through to more experienced portfolio landlords, limited companies and for those financing HMOs.

They understand how important it is for you to work with lenders you can rely on which is why they have a dedicated team of trained Regional Account Managers to answer your queries about new or existing cases.

Why Foundation Home Loans?

Portfolio Landlord Products

Foundation Home Loans have a pragmatic approach to assessing portfolios.

They describe Portfolio Landlords as:

  • Those that are buying their 4th mortgaged Buy to Let property within their portfolio, or
  • Those that already have at least 4 mortgaged properties in their portfolio

Foundation Home Loans assess the background portfolio as:

  • The maximum aggregate portfolio LTV is 75%; this is calculated across the whole portfolio including unencumbered propreties
  • The aggregate portfolio rental cover ratio must be at least 125%, stressed at 5.5%

Foundation Home Loans do not ask for business plans or asset & liability statements and there is no limit to the number of properties within the existing portfolio.

Limited Company Buy to Let

Foundation Home Loans rates are the same for Limited Company as they are for individuals.

Rental assessment:

  • Calculated at 125% of pay rate for 5 year fixed products
  • Calculated at 125% of 5.5% national rate for 2 year fixed products

Other key points:

  • There is no maximum age
  • Maximum of 4 company directors (applicants)
  • Possible to convert from an individual application to a limited company application up to pre-offer stage
  • Up to 80% LTV
  • Individual loans up to £1m
  • Maximum total borrowing with Foundation Home Loans up to £3m (any number of properties)

Product guides and useful information can be found here.

Register with Foundation Home Loans

Click here to complete the registration form.

Registration will happen within 24 hours (weekdays only).

If there is an urgent case you wish to discuss, please call our sales team between 9am-5:30pm Mon-Fri on 0344 770 8032.

Contact Foundation Home Loans

 – 0344 770 8032

E: enquiries@foundationhomeloans.co.uk