Foundation Home Loans has introduced new limited edition mortgage products, expanding options in both ‘Buy to Let’ and ‘Residential’ categories.
- The ‘Buy to Let’ brand offers a 5-year fixed-rate product for specialised holiday lets, up to 75% LTV with a 6.24% rate.
- Residential products include F1 limited edition remortgage-only options for borrowers with historical credit issues, offering rates from 5.99%.
- These new offerings aim to support clients nearing the end of their existing mortgage deals, particularly those just missing mainstream eligibility.
- The focus is on portfolio diversification and assisting landlords and homeowners with specific financial needs.
Foundation Home Loans has launched limited edition mortgage products, broadening their range under the ‘Buy to Let’ and ‘Residential’ brands. This move embodies their strategy to offer tailored mortgage solutions in a diversifying market. Such products are intended to cater to clients with specialised property types.
Within the ‘Buy to Let’ division, a new 5-year fixed-rate product was introduced, exclusively for holiday let properties. This product is available up to 75% loan-to-value (LTV) with an attractive rate of 6.24%, accompanied by a 2.25% fee. This launch follows the recent relaunch of a ‘Specials’ range with updated rates, targeting investors in niche markets.
The residential segment brings forth the F1 limited edition remortgage-only products, focusing on borrowers who typically do not qualify for mainstream options due to past credit issues. These are accessible up to 65% LTV, with competitive rates commencing at 5.99% and a fixed fee of £595. This initiative seeks to provide viable solutions for those approaching the end of their current mortgage terms.
Tom Jacob, director of product and marketing at Foundation Home Loans, articulated that diversification is a central concern for many landlords. By introducing these products, the company aims to meet the growing demand for specialised financial services. Jacob highlighted the significant number of mortgages reaching maturity in 2024 and 2025, noting, “These fee-assisted options for both 2- and 5-year fixes provide advisers with further specialist mortgage products to deliver positive outcomes for their clients.”
These limited edition offerings are crafted to assist landlords and homeowners by addressing specific needs at crucial stages of their financial commitments, thereby broadening the scope of available mortgage solutions.
These strategic mortgage offerings by Foundation Home Loans aim to meet diverse consumer needs while addressing market gaps in the current financial landscape.
