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Foundation Home Loans updates BTL and resi products

Foundation Home Loans has announced a series of changes across its buy-to-let and residential range of mortgage products.

In its residential suite, Foundation now offers five-year fixed rate deals with an LTV of up to 85 per cent that start from 3.49 per cent, and new build flats are now accepted at up to 70 per cent LTV.

Within its BTL offerings, the lender has reduced the minimum loan on its large loans selection from £750,000 to £500,000.

This triple move follows the launch of a BTL three-year fixed rate product in mid-November and the hiring of Mark Whitear as national sales manager.

Foundation Home Loans commercial director Andrew Ferguson says: “We have seen strong growth in 2018 and have ambitious targets for next year. Therefore, adapting to the needs of our brokers will always be at the core of our business proposition.

“In a competitive market, we cannot stand still and are continually finding ways to make our products appealing and accessible to more clients.”

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