foundation home loans for intermediaries: In order to find residential and buy-to-let mortgages for their clients, Foundation Homes Loans collaborates with intermediaries. They provide normal mortgage plans in addition to catering to lenders with atypical demands, such as portfolio landlords and lenders with a history of credit issues. If necessary, a house team is ready to talk about particular cases.

Foundation Home Loans for Intermediaries

Not every situation is simple or typical. Some clients’ situations are a little bit more… exceptional. They are able to assist there. They can assist clients who have recently changed jobs, are self-employed, receive income from atypical sources, or have some blips on their credit report. Numerous goods are available, and the requirements are adaptable to accommodate various exceptional situations.

Foundation Home Loans Key Features

• Up to 80% LTV
• Loans up to £1.5m (dependant on product)
• No limit to portfolio size, subject to maximum borrowing of £3m with us
• Catering for specialist property types.

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Reasons to use Foundation for your next specialist residential case:

• Self-employed – directors, partners and contractors; retained profits considered
• Employed – no minimum term in current job (minimum 3 months employed)
• Clients with multiple and unusual income sources
• Holders of credit blips / lower credit scores
• Eligible Professionals looking for up to 6 x income

How Much

• Maximum loan £2m
• Maximum term 40 years
• Maximum age 75 at end of term
• No minimum income
• Maximum number of applicants is 4 (immediate family)

What for?

• Capital and repayment mortgages up to 90% LTV
• Interest only, affordability calculated on an interest only basis up to 70% LTV
• Capital raising for buy to let purchase accepted
• A part and part mortgage up to 80% LTV
• Green mortgages for properties with EPC rating A-C, in both the buy to let and residential ranges

Why use Foundation for your next BTL case?

Who for?

• Individual or limited company
• Limited companies with complex structures
• Up to 4 directors
• Newly incorporated limited companies acceptable
• No minimum term of employment/self-employment and no minimum income
• First time landlords considered
• Ex-pats considered as individuals or limited companies

How much?

• Loans up to £2m on core range
• ICR of 125% for limited company borrowers and basic rate taxpayers and 145% for others
• No limit to portfolio size, subject to maximum borrowing of £5m with Foundation

What for?

• Specialist properties such as HMOs, short term lets and Multi Unit Blocks
• HMOs: up to 8 bedrooms and MUBs: up to 10 units
• Green Mortgages available for purchase and remortgage

What types of mortgages can I get with Foundation Home Loans?

• a set price For a predetermined period of time, your interest rate will not change. You will be moved to a reversion rate that is a certain percentage above LIBOR when your fixed-rate period expires.
• Remortgages Through the lender’s remortgage offerings, you can change from your current mortgage provider.
• Rent to own With this mortgage, you are able to take out a loan to buy an additional home that will be rented out.

What information is needed to apply for Foundation Home Loans ?

You will need to present your most recent three monthly bank statements in addition to identification and residency confirmation. Applicants who are employed must submit their most recent P60 along with their last three paystubs. Applicants who are self-employed must submit two years’ worth of accounts.

What is eligibility criteria of Foundation Home Loans ?

When purchasing a home in England or Wales, you must be between the ages of 18 and 75.

The duration of employment at the time of application must be at least six months. Applicants who are self-employed must be able to provide at least two years’ worth of accounts.

You must pay off any prior CCJs or defaults you experienced. Bankruptcies or IVAs must have been resolved at least three years ago. In the previous 12 months, you cannot have gotten a payday Loan or signed up for a debt management programme. No consideration will be given to applicants who receive financial assistance or the jobseeker’s allowance.

Contact information of Foundation Home Loans ?

Call 0344 770 8030, send an email to [email protected], or mail your correspondence to Foundation Home Loans at 5 Arlington Square, Downshire Way, Bracknell, Berkshire, RG12 1WA if you have general inquiries.

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