Foundation Home Loans enhances Limited Company offer
01 September 2017
Foundation Home Loans has upgraded its product range by removing the £500 processing and administration fee for Buy to Let applications from Limited Companies.
The move, in place from today (1st September) is in recognition of the fact that more portfolio landlords are now deciding to transfer ownership to a limited company. The latest BDRC Landlords Panel survey[1] found one in five (22%) landlords with a portfolio of 20 properties or more had already transferred ownership to a limited company or spouse, and 27% were considering it.
The removal of the processing fee comes shortly after the launch of Foundation Home Loans’ HMO product, with both 2 and 5 year fixed rates, and is further evidence of the specialist lender’s commitment to supporting professional landlords.
Jeff Knight, Marketing Director at Foundation Home Loans, said: “We are constantly reviewing our proposition to ensure we keep things simple and straightforward for brokers and their clients. Removing this fee is a real benefit to the growing number of landlords who are choosing a limited company structure to expand their business”.
Foundation Home Loans works exclusively through intermediaries, with products designed for clients with more complex needs. It offers a residential product range in addition to its established buy-to-let proposition.
