View more on these topics

Foundation Home Loans launches new BTL three-year fixed rate

Foundation Home Loans has launched a limited edition three-year fixed rate product for landlords.

The product is designed for landlords who fit Foundation’s “standard plus criteria”, by having a clean credit record, or are financing a house in multiple occupation or multi-unit block. The three-year deal is available to both limited companies and individuals, with the rates the same for both client types.

Rates start at 3.19 per cent (fixed until 31 January 2022) with an arrangement fee of 1 per cent. The product has an interest cover ratio of 125 per cent x 5.5 per cent for limited companies, and 145 per cent x 5.5 per cent for individuals. These ICRs apply to all applicant and property types, including HMOs and MUBs.

Foundation Home Loans commercial director Andrew Ferguson says: “With ongoing uncertainty in the market and the full effect of the buy-to-let tax changes materialising in 2021, we are confident these rates will give landlords an alternative solution to two and five-year deals, particularly as there is a real lack of three-year rates in the market.

“The products cater for all property types and have a competitive fee. We also believe that these rates will be popular amongst limited company clients, where we have been seeing an increase in demand.”


Foundation Home Loans makes new hire

Specialist lender Foundation Home Loans has hired national account manager Paula Priest, previously head of sales at The Mortgage Lender. Her career of more than 20 years in financial services includes regional and national account management roles at Barclays, Nationwide and Birmingham Midshires. In Priest’s new role at Foundation Home Loans she will be responsible […]


Castle Trust hires Saunders from Foundation Home Loans

Castle Trust has appointed Jack Saunders as a telephone business development executive Saunders joins from Foundation Home Loans where he was an internal business development manager since early 2017 and has also worked at Sunlife, Debtline and Amigo Loans. At Castle Trust Saunders will provide brokers with telephone support to help them place more specialist […]


TMA Club adds Foundation Home Loans to panel

TMA Club has added Foundation Home Loans to its panel, providing members with instant access to the lender’s range of residential and specialist buy-to-let products. Foundation’s residential range is designed for so-called “mainstream misses” who have failed a credit score for reasons other than adverse credit. Its buy-to-let offering caters for portfolio landlords, limited companies and […]

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.


News and expert analysis straight to your inbox

Sign up