Foundation Home Loans enhances buy-to-let loans

Foundation Home Loans has made several criteria changes across its buy-to-let product range.

The lender will now assess missed payments on credit cards alongside simple communication blips and has introduced products for clients with two, three or four missed revolving credit payments in the last 24 months.

Foundation Home Loans is also widening the products available to first-time landlords who are looking to finance standard properties.

Additionally, Foundation has made a number of rate reductions across the range, with five-year fixed rates now starting from 2.89%, and end dates have been rolled on to 30th April.

The remortgage specials also have their £125 fee waived in addition to retaining the free valuation and £250 cashback.

Jeff Knight, director of marketing at Foundation Home Loans, commented: “We have seen significant growth across our buy-to-let range in 2019, particularly in terms of servicing portfolio landlords and developing our limited company offering.

“We recently enhanced our residential criteria and are now doing the same for buy-to-let to ensure we continue to provide more solutions to more intermediaries in 2020.

“So, if intermediaries are looking for a home for their more complex buy-to-let cases, it’s solution found at Foundation.”

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