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Foundation Home Loans ups LTV on BTL products

Specialist lender Foundation Home Loans has increased the maximum LTV on its standard and first-time landlord  buy-to- let products.
From today, up to 80 per cent LTV will be available on the products, up from 7 per cent, and come with a choice of fee: either a 2 per cent arrangement fee or a flat £1,995 fee.
Rates for the products start from 3.85 per cent. Foundation Home Loans director of marketing Jeff Knight says: “We recently undertook a market test through some of our key distribution partners in order to test demand. Following the successful pilot, we have chosen to increase our LTVs across our Standard and First Time Landlord products – available to a much wider distribution.
“As a growing and ambitious company, we are always looking for ways to enhance our proposition to landlords, both non-portfolio and portfolio landlords. Our rates are also the same for both limited companies and individuals.”


John Heron

Paragon scraps application and valuation fees on BTL portfolio products

Paragon has scrapped valuation and application fees on all buy-to-let portfolio products. The specialist lender has removed the usual £150 application fee and the valuation fee for a limited time only. The deal follows the launch of four new 2-year fixed portfolio products in October. Paragon Mortgages managing director John Heron (pictured) says: “It’s important […]


Private rental demand cooling: BM Solutions

Demand from UK residential renters is flattening off, according to research from BM Solutions. The research shows that 45 per cent of landlords saw no change in demand from tenants in the second quarter compared to the first. Meanwhile, London was the only area of the UK to see a fall in demand. More than […]


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