Foundation announce launch of new large loan BTL product

Foundation Home Loans has announced that it has launched a new product that will be available to both individuals, limited companies and both portfolio and non-portfolio landlords for loans of up to £1.5m.

Related topics:  Finance
Warren Lewis
20th July 2018
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According to the lender, five-year fixed rates start at 2.99% up to 65% LTV, with an interest cover ratio of 125% x pay rate for limited companies and 145% for individuals.

Andrew Ferguson, commercial director at Foundation Home Loans, said: “Having listened to our broker network, we have launched a new buy-to-let product with the capacity to take on larger loans as requested. As with our existing products, the ICRs assigned to our new large loan product are no different.”

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