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Practical insights to support brokers with challenging cases

At Foundation Home Loans, we know no two landlords, or their portfolios, are the same. That’s why our products are designed to support complex cases with flexible, expert solutions.

Check out the following example of how our 90% LTV 5-year fixed Joint Borrower Sole Proprietor (JBSP) product helped a first-time buyer step on the property ladder:

The problem:

A first-time buyer earning £30k per year wanted to buy a £250,000 flat to live in.

Affordability assessments based solely on their income fell short of the required borrowing.

The buyer’s parents wanted to help but didn’t want to be named on the property title for stamp duty and inheritance tax reasons.

The solution:

Foundation Home Loans’ 90% LTV 5-year fixed Joint Borrower Sole Proprietor (JBSP) product allowed the parents to be added to the mortgage application without appearing on the property title.

This boosted affordability by combining incomes while preserving first-time buyer stamp duty relief for their child.

The product’s 5-year fixed rate made monthly payments manageable and provided protection against interest rate rises during the crucial early years of homeownership.

Our no-minimum income policy for non-proprietor applicants also made it easier for retired or semi-retired parents to support the application.

If you’ve a similar case on your desk, please reach out to your regional account manager today – we’re happy to help.

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