LendInvest and Foundation Home Loans launch new BTL products

LendInvest and Foundation Home Loans have added new products to their BTL ranges.


LendInvest has launched a 10-year fixed-rate BTL product suite, available for standard properties.

The new range offers loans at 65% and 70% LTV, with standard rates starting from 3.29% and EPiC rates from 3.19%.

In addition, LendInvest has repriced its standard BTL product range in line with current market conditions. 

The current pipeline will be honoured, with current DIPs given ten days to proceed into a full application.

Andy Virgo, sales director at LendInvest, said: “Following the success of our seven-year fixed-rate product back in October 2021, the development and launch of this 10-year fixed product was a natural progression for us as a lender. 

“At LendInvest, we innovate and tailor our products to suit our borrowers’ current needs, and at this time, we understand certainty and stability is front of mind for our customers.”

Foundation Home Loans

Foundation Home Loans has launched a new BTL product range for expat landlords.

The new proposition is available exclusively to non-SPV individual and limited company landlords who are UK nationals living as expats in over 60 countries worldwide, as well as those based in EU/EEA/Switzerland.

The suite offers products for purchases and remortgages at up to 75% LTV for standard and green BTLs, as well as short-term lets and HMOs.

Rates for the new expat range start from 3.24%.

ICR for the new suite is calculated at 125% for basic-rate taxpayers and limited companies, and 145% for all others — in the same way as Foundation’s core range.

The lender has also simplified the underwriting requirements for brokers and their expat clients by removing the automatic requirement to speak to the borrower, and broadening the range of ID/proof of residency it will consider to include residency cards, official UK government-issued correspondence, and credit or utility statements from UK firms.

In addition, Foundation now only requires evidence of one year’s income for expats.

George Gee, managing director (commercial) at Foundation Home Loans, said: “Today we have broadened our expat BTL product range offering, both in terms of the landlord borrowers we will accept, and the specific options available to them. 

“Now individual expat landlords can secure finance, as well as limited company borrowers, and we have new products available for those purchasing or remortgaging green, short-term lets and HMO properties.

“We’ve also cut our fee levels and looked at our criteria and underwriting around expat mortgages, seeking to simplify and remove some of the administration burden for advisers and their clients. 

“Investment in UK property remains an attractive option for many expats and this new range and criteria opens up the type of investment they can purchase and refinance, and the means by which they can do this.”

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