AToM launch low rental coverage BTL with Foundation Home Loans

21 September 2016

AToM (All Types of Mortgages Ltd), the Specialist Mortgage Packager/Distributor, is delighted to announce a new packager exclusive product with Foundation Home Loans (FHL).

Dale Jannels, Managing Director at AToM said, "FHL have been a great lender for innovation with their products being attractive to professional investors as well as those new in to buy to let. This new offering really is superb. To offer a five year fixed rate at 3.49% and calculate rental coverage at 125% of pay rate, for BTLs in a Limited Company name, is a fantastic proposition. Unsurprisingly, the phone is already busy and I doubt this product will be around for too long. We are grateful to have this opportunity and it's another great offering for AToM's increasing Network and Broker partners.”

Other product highlights include, Rate 3.49% : Five Year Fixed : Rental calculated at 125% of pay rate if in Ltd Company Name and 145% of pay rate if in personal name : 2% Arrangement Fee : 75% LTV : Completion Fee added up to a max 80% LTV : ERCs 5%, 4%, 3%, 2%, 1% : Available in England & Wales.

Jannels added "Those using the new AToM Together system will know that with just one input, brokers can download all pre-populated application forms, source KFIs and full submission requirements to obtain this great product."

Please visit the AToM website (www.atomltd.co.uk) for further information and access details.