Foundation Home Loans increases loan sizes and adds 80% LTV options to BTL specials

Foundation Home Loans has updated its buy-to-let (BTL) specials, increasing loan sizes and adding new 80% loan-to-value (LTV) products. 

Loan limits now go up to £3m for 65% LTV, with £5m available by exception, £3m for 70% LTV, £2m for 75% LTV, and £750,000 for 80% LTV. 

These higher loan amounts are for standard properties. 

For houses in multiple occupation (HMOs), multi-unit blocks (MUFBs) and short-term lets, the maximum loan stays at £1m up to 75% LTV.

Rates for the specials range start with F1 2-year fixes from 3.89% at 65% LTV. 

There are new F1 options at 70% and 80% LTV with a 4% fee. 

F1 5-year fixes start from 4.74%, with a 6% fee at 65, 70 and 75% LTV, and a 4% fee for 80% LTV. 

F2 HMO 2-year fixed rates have been cut by 0.10% and now start from 4.44%. 

These are available up to 80% LTV at 4.84%. 

F2 multi-unit block 5-year fixes start from 5.39% and are now available up to 80% LTV at 5.79%.

All products are open to both individuals and limited company applicants.

Tom Jacob, director of product and marketing at Foundation Home Loans, said: “These enhancements demonstrate our clear commitment to supporting brokers and their clients with larger, more complex buy to let requirements. 

“By offering loans up to £3m – and £5m by exception – and extending our lending with new 80% LTV options, as well as further price cuts, we’re giving brokers the flexibility to place big-ticket cases with confidence.

“We’ve refreshed our Specials range to ensure there’s a competitive solution for every type of landlord, from standard F1 products through to F2 HMO and MUFB lending.”

Jacob added: “The removal of previous loan caps and the alignment of aggregate borrowing limits also makes it simpler for experienced landlords to scale their portfolios without unnecessary hurdles.

“Our goal is to make Foundation the first port of call for brokers working on larger loan specialist buy to let cases. 

“With competitive rates, larger loans, and increased flexibility across our lending criteria, we are positioning ourselves firmly as the lender for ambitious landlords and the brokers who support them.”

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