FOUNDATION HOME LOANS EXPAND GREEN RANGE TO INCLUDE LARGE HMOS AND MUBS, AND F2 PRODUCTS

As of Tuesday 14th June 2022, Foundation Home Loans have made several changes to their Buy to Let product range including:

• Expansion of the Green mortgage range to include large HMOs (Up to 8 bedrooms) and MUBs (up to 10 units) with a new ‘Large HMO/MUB’ product available up to 75% LTV, and one free standard valuation and no application fee – for both purchases and remortgages of properties with an EPC of C or above 
• A new Green product for standard properties in the F2 range for applicants with some historical credit blips - available up to 75% LTV, and one free standard valuation and no application fee – for both purchases and remortgages of properties with an EPC of C or above

The product fee on the Large Loan product (F1 tier) has been halved to 1% - and available for maximum loans of £2m up to 65% LTV

Repricing of all other fixed rate products across the buy to let range 

As with all of Foundation’s Green mortgage range, the new Green large HMO/MUB product and the F2 Green product are both eligible for ‘early remortgage’ after purchase, as opposed to the typical 6-month wait – a feature especially designed to help those landlords who may have carried out improvements on the properties to raise the EPC above a level C.