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Foundation Home Loans, the intermediary-only specialist lender, has recently (6th July 2021) launched a set of Green ABC mortgage products specifically for buy to let purchases.
The new range consists of three new two-year variable discount rates available to individual landlords as well as limited companies seeking to purchase a property on a variable rate without early repayment charges, and are priced according to the EPC rating of the property, starting as low as 1.99%
- EPC A rating: discount of 3.1% giving current rate of 1.99%
- EPC B rating: discount of 2.8% giving current rate of 2.29%
- EPC C rating: discount of 2.6% giving current rate of 2.49%
- Up to 75% LTV
- 2% product fee
- No ERCs
- For purchases up to £1m
- Discounted rates starting from 1.99%
- Available to individuals as well as limited companies
- No limit to the background portfolio size, subject to a maximum of £5m with us
ICR is calculated at 5.5% and stress tested at 125% for limited companies and basic rate tax payers, and 145% for other landlords.
