Foundation Home Loans has today (16th January 2025), increased maximum loan sizes across most of its residential product tiers.
For the F1 tier, aimed at clients with a nearly clean credit history, and the F2 tier, for those with some credit issues, the maximum loan size for 65% loan-to-value (LTV) has risen from £2m to £3m.
For 75% LTV, it increased from £1m to £1.5m, and for 80% LTV, from £750,000 to £1m.
The maximum loan size for 85% LTV remains at £750,000.
In the F3 tier, designated for clients with more recent credit problems, the maximum loan size for 65% LTV has increased from £500,000 to £1m, and for 75% LTV, from £500,000 to £750,000.
The 80% LTV maximum remains at £500,000.
Tom Jacob, director of product and proposition at Foundation Home Loans, said: “The needs of specialist residential borrowers continue to grow and this demographic continues to develop with a strong requirement for improved criteria and greater product options.
“This is why Foundation is always seeking to develop our proposition in this space, this time with an increase in the maximum loan sizes across multiple product tiers and LTV thresholds.
Jacob added: “We want to ensure specialist residential clients can secure the level of loans they want and need, and as property values have begun to rise, albeit at relatively low levels, we must ensure our loan size criteria meets the changing shape of the UK property market.
“For advisers dealing with clients who either just miss out on the high-street, or have more complex and involved credit histories, Foundation has both the product choice and criteria required to make their property dreams a reality, either allowing them to get on the ladder for the first time, helping them move, or ensuring they have numerous refinance options.
He said: “If you’re an adviser already heavily involved here, or looking to help more of these clients, then please contact us to see how we can support you and your specialist residential advice business.”
