Foundation Home Loans launches fresh product range

21 June 2016

Foundation Home Loans has launched a new range of products with reduced rates on Prime Fixed products and new Light Adverse products for limited companies.

Main features include: -

• Light adverse products now available on Limited Company purchase and remortgage
• All products in the range are priced the same for Individual and Limited Company Buy to Let
• Maximum age limits axed for Limited Company BTL
• 5 year fixed rate reduced from 4.39% to 4.09%
• 2 year fixed rate reduced from 3.69% to 3.59%
• 3 year fixed rate reduced from 3.89% to 3.79%

According to Paul Brett, Business Development Director at Foundation Home Loans, the new range simplifies the product offering, while reducing key rates and synchronising Individual and Limited Company criteria and abolishing maximum ages on Limited Company BTL.

He said, “Our product matrix continues to improve navigation for advisers by further simplification of the criteria. Significantly, we are showing our commitment to the Limited Company channel by ensuring that the whole range, including our light adverse products, are now available at the same price point as Individual products. Our 5 year fixed rate product at 4.09% will be extremely popular with landlords, particularly wedded to a rental cover calculation at 125% of pay rate or 5.25% notional rate.

Taken as a whole, our new range gives all landlords some of the best deals available with a marked reduction in unnecessary criteria rules for their advisers.”