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Foundation Home Loans launches “Summer Special” BTL product

Foundation Home Loans has announced a new buy-to-let product that the specialist lender boasts as having its lowest-ever fixed rate.

Coming hot on the heels of the lender’s new large loan BTL announcement, the limited edition “Summer Special” mortgage has been designed for a full spectrum of borrowers: individuals, portfolio landlords, and limited companies.

The mortgage has a two-year rate started at 2.49 per cent with an interest cover ratio of 125 per cent x 5.5 per cent for limited companies, and 145 per cent for individuals. Applicants will have to meet the “Standard Plus” criteria.

Foundation Home Loans commercial director Andrew Ferguson says: “Being able to regularly offer competitive products cements our commitment to our intermediary partners. Our new summer special product carries our lowest ever fixed rates… we believe that these offer a competitive alternative for landlord clients who prefer a shorter-term option.”



Foundation Home Loans reveals new large loan BTL product

Foundation Home Loans has launched a new buy-to-loan product that allows borrowers to access up to £1.5m. The release follows the intermediary-only lender’s recent increase of the maximum loan size for HMO mortgages to £1m. The new 65 per cent LTV ‘large loan’ mortgage is available to individuals and limited companies, but only to those […]


Foundation Home Loans hires new regional account managers

   Foundation Home Loans boosted its sales team with the appointment of two new regional account managers. Victoria Pearce (pictured above) will be the regional account manager for the East, while Paul Ormonde will take on the same role for the South of England. In this role both will be responsible for building Foundation’s brand […]


Foundation Home Loans increases max loan on HMOs to £1m

Foundation Home Loans has increased the maximum loan size for mortgages on houses of multiple occupation (HMO) to £1 million. Its HMO mortgages, which are available to both individuals and limited companies, but not to first-time landlords, has a loan-to-value limit of 65 per cent. Both two and five-year fixed rate options are available and […]

Gatehouse named Sutherland Mortgage Services’ first UK client

Sutherland Mortgage Services has announced Gatehouse Bank as its first UK client. The third-party servicer will handle the London bank’s buy-to-let finances on a five-year contract. Sutherland has previously worked in Dubai, and it’s this knowledge of Islamic banking that Gatehouse, which offers Sharia-compliant products for the residential and buy-to-let mortgage market, sought. Sutherland Mortgage […]

Frexit & contagion risk in Europe

Many commentators have suggested that the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune’s Rob Burnett discusses the likelihood of this happening. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future […]


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