Foundation Home Loans Unveils Limited Edition BTL Products

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Foundation Home Loans has unveiled a new set of limited edition rental products for LLCs, with reduced product fees.

The Limited Edition lineup contains 2 and 5 year fixed rate options for owners purchasing or refinancing through a limited liability company vehicle.

The products are part of Foundation’s F1 line for borrowers who simply miss traditional credit scores.

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Limited Edition products are a 65% 2-year LTV at 3.09% and a 75% LTV at 3.24%, both with a reduced product fee of 1%.

The range also includes a large 5-year 65% LTV at 3.19% loan with reduced product charges of 2%, and a 5-year 65% LTV at 3.34% and 75% LTV at 3.44%, both carry a product charge of 1.5%.

The products are available with a maximum loan amount of £ 1.5million at 65% LTV and £ 1million at 75% LTV, with the significant loan proceeds at £ 2million.

There is no limit to the size of the borrower’s core portfolio, subject to a maximum of £ 3million with the Foundation.

George Gee, Business Director of Foundation Home Loans, said: “These limited edition products, intended only for those seeking funding through limited liability companies, now come with reduced product fees, which should make them more expensive. attractive to advisors and their owner clients.

“The Foundation’s criteria remain exactly the same, as we seek to support all homeowners looking to supplement their portfolios or refinance. “

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