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Foundation Home Loans have made a number of positive changes to their product offerings. These include:
Residential
- £4£ Remortgage with NO income LTI cap
- Interest only affordability calculated on an interest only basis
- Self-employed - latest 1 years accounts accepted and retained profits considered
- Broader amount of income types and higher percentage of incomes are now accepted, for example up to 100% bonus and commission, 100% investment income are now accepted
- No minimum time in current job, minimum 3 months employed
- Capital raising for buy to let is now allowed
- Up to 80% LTV
Buy to Let
- Selected BTL products reduced by up to 0.4%
- Short Term Lets are Back at 75%
- Large Loans are Back up to £2m at 65%
- Day 1 Remortgage is Back
Call the impact help desk on 01403 272625 to find out more or to place an enquiry. BUT BE QUICK, as some of these great options may not be round for long...
