Foundation Home Loans

Foundation Home Loans revamps buy-to-let range

Foundation Home Loans has revamped its buy-to-let range.

The specialist lender claimed that it made these changes to ensure its products were more transparent and easier for intermediaires to understand where their clients fit.

The revised product structure means all products now sit under two umbrellas: F1 and F2.

F1 is for existing and new landlord clients with a predominantly clean credit history financing less complex property types.

F2 caters for existing landlords who are financing specialist property types, including HMOs, short-term lets and multi-unit blocks, as well as those who may have minor blips on their credit rating.

Both ranges are available to individuals, portfolio landlords and limited companies.

“We recognise 2019 will be a challenging year for brokers advising clients in BTL, and believe our new range is more streamlined and makes it easier for brokers to understand, while maintaining our key product points of difference, such as our short-term let proposition,” said Andrew Ferguson, commercial director at Foundation Home Loans (pictured above).

“Our new structure will support our extensive growth plan this year.”

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