Foundation Home Loans launches semi exclusive BTL range

11 November 2015

Foundation Home Loans (FHL) has launched a new semi exclusive range of products to the intermediary market through six of its packaging partners.

The new products can be accessed by brokers through ATOM, Buy to Let Club, Complete FS, Mortgages for Business, 3mc and TBMC.

There are fixed rates options of 2, 3 and 5 years for LTV’s at 65 and 75% as well as a variable rate choice.

LTV to 65%	LTV to 75%
3.44% fixed rate 2 years	3.69% fixed rate 2 years
3.74% fixed rate 3 years	3.89% fixed rate 3 years
4.29% fixed rate 5 years	4.39% fixed rate 5 years
3.31% + LIBOR Variable	3.41% + LIBOR Variable

Features include: -

Free property valuation Free legals to £399* (assuming Goldsmith Williams are instructed)
No ERC
Purchase or Remortgage
Repayment or Interest only
£50000 to £500000
Arrangement fee of 2% can be added to the loan up to 80% LTV

Paul Brett, Business Development Director at FHL, said, “This package is designed to accommodate a wide range of landlord requirements. From those who want to lock into attractive rates ahead of an expected rate rise, first time landlords taking their first steps on the BTL ladder and more experienced practitioners wanting to keep upfront costs to a minimum by taking advantage of the free valuation and free legals package.”

Tony Salentino, Director at Complete FS, commented, ““This is a strong proposition from a lending partner, which has continued to impress with its forward thinking agenda of product enhancement and service. Our introducers will be delighted to see this new range which gives them and their clients a tremendous opportunity to either guarantee their borrowing costs by remortgaging or to cost effectively start or increase their property portfolios.”