Foundation increase BTL portfolio limits to £3m

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.

Related topics:  Landlords
Warren Lewis
28th November 2017
yield 5

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.”

More like this
Latest from Financial Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.