Foundation Homeloans have introduced new 3 year HMO products to their Buy to Let range
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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.
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