Foundation Home Loans has expanded its offerings with new limited edition products under their ‘Buy to Let’ and ‘Residential’ categories.
- The new range includes a 5-year fixed-rate product tailored for holiday lets, providing up to 75% loan-to-value.
- For those with historical credit issues, remortgage-only options with 2- and 5-year fixed-rate products are available up to 65% loan-to-value.
- Borrowers nearing the end of their current mortgage deals can benefit from competitively priced options with fixed fees.
- The launch aims to support landlords and homeowners with specialised financial products that cater to diverse needs.
Foundation Home Loans has launched a set of limited edition mortgage products within its ‘Buy to Let’ and ‘Residential’ categories, aiming to provide more tailored solutions for the UK market. These products reflect the lender’s commitment to addressing the specific needs of unique customer segments.
In the ‘Buy to Let’ segment, a noteworthy addition is the 5-year fixed-rate mortgage designed specifically for holiday let properties. This product allows for borrowing up to 75% of the property’s value, with an interest rate of 6.24% and a 2.25% fee, setting it apart for those investing in specialised property types.
On the residential front, Foundation Home Loans has unveiled F1 limited edition remortgage-only products with fixed rates available over two or five years. These options target borrowers who have missed mainstream choices due to historical credit issues, offering up to 65% loan-to-value at rates starting from 5.99%, alongside a fixed fee of £595.
The firm’s Director of Product and Marketing, Tom Jacob, highlighted the significance of this launch, emphasising the provision of diverse options for landlords, particularly in the holiday let sector. Jacob noted the strategy of diversification in property portfolios as paramount, given the looming mortgage maturities anticipated over the coming years.
These products are anticipated to attract borrowers reaching the end of their existing deals, offering financial respite with fee-assisted solutions. Clients can expect to find these options advantageous as they seek to remortgage and secure more favourable terms in a challenging economic climate.
Foundation Home Loans’ latest offerings underscore their dedication to providing tailored financial solutions for diverse borrower needs.
