Foundation Homeloans have introduced new 3 year HMO products to their Buy to Let range  - 12/03/2018 22:45
Foundation Homeloans have introduced new 3 year HMO products to their Buy to Let range - available now through TFC Homeloans.
  • A 3.29% rate to 65% LTV
  • A 3.74% rate to 75% LTV
  • Both new products have a 1.5% arrangement fee
Their range includes products for individuals, limited companies and those mortgaging an HMO or Multi Unit Block. Their HMO products are for properties which are defined as a dwelling shared by more than 3 unrelated tenants, who share the same amenities.
  • All of their Buy to Let products are available to individuals and limited companies.
  • Rental calculations are the same as the Standard range.
  • Up to 8 bedrooms.
  • Freehold Multi Unit Blocks also accepted to 10 flats/units.
  • Loan sizes to £500k.
New pricing across range
Their Buy to Let products have been repriced in line with recent increases in swap rates - products still remain competitive for portfolio and non-portfolio landlords. 

Foundation also recently launched exclusive 5 Year Fixed Rates, available to portfolio landlords only. These rates have not increased and have a 1% arrangement fee. 
dialog