Foundation Home Loans

Foundation Home Loans is a pragmatic lender that listens to and understands its intermediary partners. This ensures it provides a range of competitive Buy to Let and Residential products for your more specialist cases.
In particular, Foundation has quickly become known for a no-nonsense approach to portfolio landlords. It has a straightforward proposition, developed after listening to intermediaries and their landlord clients.

**New BTL Large Loan Range Through AToM**

Foundation Home Loans have introduced their new Large Loans products. This product caters for clients who are looking for loans from £750K to £1.5 mil!

  • Up to 65% LTV
  • 5 Year Fixed rates starting from just 2.99%!
  • Fees from 1% (can be added up to max loan)
  • ICRs from 125% assessed at pay rate
  • Available to Individuals and Ltd Companies
  • Available on Standard BTLs

BTL Standard Plus Range

  • 5 year fixed rates at 3.19%
  • ICR assesed on pay rate
  • Available up to 75% LTV
  • Available on Standard BTLs
  • Available to Individuals & Ltd Companies
  • Available to Portfolio Landlords

New HMO and Multi-Unit Block Range

  • Standard rates from 2.79%
  • HMO/MUFB rates from 2.94%
  • 2 and 5 year fixed option available
  • Up to 75% LTV
  • HMOs up to 8 Bedrooms
  • MUFBs (Multi-Unit Freehold Blocks) up to 10 units
  • 500K Maximum Loan (and above by referral only)
  • 75K Minimum Property Value
  • Available to individuals and Limited Companies
  • Rental assessed on same calculation as standard BTL
  • Max LTV £1m at 65% - Max £500K at 75%

Foundation's Key Buy to Let features include:

  • No minimum income
  • First Time landlord products (must have owned a property in the past)
  • Manually underwritten products that are not based on credit score
  • Maximum of one satisfied CCJ/Default up to the value of 2000 within the last 24 months (none in last 12)
  • Maximum of one missed secured payment in the last 24 months (none in the last 6)
  • LTD Company BTLs accepted with no max age
  • Unlimited properties in portfolio with other lenders
  • Max 3,000,000 exposure with Foundation
  • Studio flats accepted (min 30 sqm)
  • 5 year fixed rates available for increased affordability
  • Maximum 80% LTV
  • Fees can be added over 80% LTV subject to maximum loan amount
  • Applications can be made in sole name if second applicant has adverse credit
  • Applicants on Tier 1 or Tier 2 Visas can be accepted so long as; the visa has a minimum of 6 months till expiry and the sponsor confirms their intention to renew the visa where it expires within 12 months.
Who is this range for?

This might be the right mortgage range for your customers if they:
  • are self-employed with no accounts or trading period
  • have no employment history and require assessment to be based upon rental income
  • are a first time landlord looking to start letting property
  • are a portfolio landlord looking who wants to keep it simple, Foundation don't want a business plan or assets and liabilities statement etc

Foundation's Key Residenial features include:
FHL's Residential range is designed for clients who may have experienced a minor blip on their credit rating in the past. They provide a Standard and Specialist products:

  • Rates starting from 2.24%
  • Up to 85% LTV available
  • Available to First Time Buyers (reduced completion fee)
  • Up to 2 CCJs /Defaults in 24 months (up to a value of £2000)
  • Max status 2 on arrears in 24 months (0 in 6 months)
  • Bankruptcies and IVAs discharged over 3 years ago considered
  • Fixed Fee options avilable
For more details on Foundation, please call our sales team on 01403 272625 (option 2) or email us at sales.team@atomltd.co.uk