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Buy to Let from Foundation Home Loans.

29 November 2016

Foundation Home loans  

Foundation Home Loans launched with L&G Mortgage Club two weeks ago now and just in case you missed it here is a reminder of what they can do for you and your customers:

  • BTL only
  • England and Wales
  • 3 BDM’s on the road
  • Online DIP and application
  • No credit scoring
  • FT Landlord Products
  • No minimum income
  • Studio flats with no min size
  • Can look at light adverse
  • Max age 85
  • Min val- £75k
  • Rental calc- 145% @ pay rate

 Ltd Company BTL’s-

  • Up to 4 directors
  • Can Dip in personal names before creating a company to ensure acceptance.
  • No max age
  • Rental calc- 125% @ payrate

They have also produced a document which you may find useful on how to set up a Limited Company.

Foundation Home Loans’ online portal, TED, allows quick and simple submissions.  Each Legal & General member firm has been pre-registered and you will be contacted with your login details shortly. 

If you have a case that you would like to submit in the meantime, please contact the Foundation Home Loans Broker Desk for your login details.

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