According to the lender, the range has been split into two catagories, F1 and F2. F1 is for existing and new landlord clients with a predominantly clean credit history financing less complex property types. Whereas F2 is for existing landlords who are financing specialist property types including HMOs, short term lets and Multi Unit Blocks as well as those who may have minor blips on their credit rating.
Both ranges are available to individuals, portfolio landlords and limited companies.
Foundation Home Loans is a specialist lender, available only through intermediaries, offering a range of competitive specialist mortgage products for clients with more complex needs.
Andrew Ferguson, Commercial Director for Foundation Home Loans commented: “We recognise 2019 will be a challenging year for brokers advising clients in BTL, and believe our new range is more streamlined and makes it easier for brokers to understand, whilst maintaining our key product points of difference, such as our Short Term let proposition. Our new structure will support our extensive growth plan this year.”
