Foundation Home Loans Unveils Specialized Mortgage Range Catering to Diverse Landlord Needs

Foundation Home Loans has introduced a new line of buy-to-let mortgage products named 'Solutions by Foundation' to specifically address the requirements of landlords. This range encompasses mortgages tailored for multi-occupancy properties, mixed-use or part-commercial properties, and expat investors. 'Solutions' extends its lending scope to include mixed-use or part-commercial properties where the residential component's valuation and rental income exceed 60% of the total. The offerings also encompass financing for specialist multi-occupation properties, including multi-unit blocks up to 10 units, with no restrictions on HMO (House in Multiple Occupation) bedrooms. Additionally, Foundation will consider holiday lets, short-term lets, and other HMOs. The range offers diverse products, such as fixed-rate options for mixed-use or part-commercial properties starting from 6.84% for two years up to 70% loan-to-value (LTV).

For large HMOs with no bedroom limits, products begin at 6.29% for a five-year fixed rate and a 2.0% fee up to 65% LTV. George Gee, Foundation's commercial managing director, emphasizes the brand's commitment to expanding criteria and enhancing adviser relationships. The launch of the 'Solutions' range marks the initial step in its development, with plans to incorporate more products to meet the evolving needs of landlords in the buy-to-let specialist marketplace.

Source: Landlord Today - Mortgage lender launches new range to target more landlords