Foundation Home Loans raise maximum BTL loan size

Foundation Home Loans raise maximum BTL loan size

In response to increasing demand, Foundation Home Loans has announced that it is increasing its maximum loan size across its Buy to Let range to £1m for loans up to 65% LTV.

For loans up to 75% and for HMOs, the maximum loan size remains £500,000. There is no change to pricing.


Jeff Knight, Director of Marketing at Foundation Home Loans, said: “We have been receiving an increasing demand from intermediaries for larger loan sizes, so this is a simple move in response to that. As a growing specialist intermediary lender, we will continue to identify ways to expand our product proposition to the market.”

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Comments

  1. zoe gloverzoe glover05 October 2017 00:18:40

    Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value they were suggesting now. They were happy that Cambridge had no capital growth in 3 years and that the 3 bedroom property was compared to a 2 bed one next door! I do wonder if they just happily take peoples valuation fees with no intention of lending. Avoid at all costs. As for slow thats no joke, took from March till now to answer 2 emails. Awful company!

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zoe glover
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