View more on these topics

Foundation Home Loans increases BTL borrowing limit to £3m

Foundation Home Loans has increased the maximum total borrowing limits on its buy-to-let range from £2m to £3m.

The specialist lender already has no limit on the number of properties a landlord may have with them, subject to this increased new maximum borrowing total limit of £3m.

Foundation Home Loans marketing director Jeff Knight (pictured) says: “With our pragmatic approach, we strive to make things as easy as possible for advisers and their landlord clients by having no limit to the number of properties a portfolio landlord may have with us, subject to the new £3m limit.

“There is also no requirement for potential clients to submit onerous business plans or asset and liability statements.”



Houses, house, property, monopoly

Private Label launches more specialist resi and BTL products

Brightstar Financial is today launching four new specialist residential and buy-to-let mortgage products under its Private Label brand. Private Label was a well-known packager in the 90s and early 2000s known for product innovation. It was relaunched by Brightstar in July. Buy-to-let The first product is The Buy-to-let Booster, a simultaneous first and second charge […]


Sesame and PMS launch portfolio BTL referral service

Sesame and PMS Mortgage Club have launched a referral service to help advisers handle portfolio buy-to-let enquiries. The service lets Sesame and PMS members refer clients to portfolio buy-to-let specialists 3mc and Mortgages for Business. These firms will then give full advice and a recommendation. Sesame and PMS head of relationship management Jane Benjamin says: […]


Opinion: Are BTL lenders doing enough to help brokers?

The PRA’s changes to tighten up lending criteria and ensure consistency have sent tremors across the lending landscape. Borrowers with four or more mortgaged buy-to-let properties are now classified as ‘portfolio landlords’ and subject to more stringent underwriting standards. In its Supervisory Statement released at the time it announced the changes, the PRA said: ‘The […]


Lenders must ‘share blame’ for leasehold scandal, says MP

Lenders must share responsibility for the leasehold scandal, according to a high-ranking property MP. All-Party Parliamentary Group on leasehold reform vice chairman Justin Madders also said the Government is on the brink of unveiling plans to tackle the leasehold issue. Last November it emerged that some property developers had been selling new-build houses on a […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


News and expert analysis straight to your inbox

Sign up