Foundation Home Loans has announced that it has increased the maximum total borrowing limits on its Buy to Let range from £2 million to £3 million, further supporting advisers and their portfolio landlord clients.
The specialist lender already has no limit on the number of properties a landlord may have with them, subject to this increased new maximum total limit of £3,000,000.
Foundation Home Loans provides a no-nonsense approach to lending to portfolio landlords and provides an easy to use system and does not ask for business plans or asset and liability statements.
Jeff Knight, Marketing Director at Foundation Home Loans, said: “With our pragmatic approach, we strive to make things as easy as possible for advisers and their landlord clients by having no limit to the number of properties a portfolio landlord may have with us, subject to the new £3m limit. There is also no requirement for potential clients to submit onerous business plans or asset and liability statements. By increasing our portfolio limit to £3 million we hope to enhance our proposition even further.”