Foundation Home Loans reveals growth in portfolio and limited company
Jeff Knight

Foundation Home Loans reveals growth in portfolio and limited company business

Foundation Home Loans has increased growth in both portfolio landlord and limited company BTL business over the past 12 months.

The intermediary-only lender has seen the volume of limited company business in May 2019 increase by 130% compared with May 2018.

The number of limited company applications received last month was also up 104% compared with the same period last year.

In addition, Foundation has launched a five-year fix remortgage product, which is suitable for portfolio landlords, limited companies and individuals.

The product is available at 3.59% up to 65% LTV and 3.89% up to 75% LTV. 

It comes with a flat fee of £2,995, stepped ERCs from 5% down to 1%, free standard valuation and £250 cashback upon completion.

Jeff Knight, director of marketing at Foundation Home Loans (pictured above), said: “Our highly skilled underwriters have a real understanding of complex BTL, and are able to help our intermediary partners with complex BTL, HMOs, multi-unit blocks, limited company and portfolio landlord customers.”

Tony Salentino, director at Complete FS, added: “Foundation has really focused its efforts over the last year on this key area of the market, and the results are there to see.”

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