AToM launch low rental coverage buy-to-let with Foundation Home Loans

Robyn Hall

September 21, 2016

to let sign house

AToM (All Types of Mortgages) has launched a 3.49% 5-year fixed rate buy-to-let deal with rental coverage at 125% of pay rate for loans in a limited company name with Foundation Home Loans.

Other product highlights of the deal, which is available in England and Wales, include 145% of pay rate if in personal name; 2% Arrangement Fee; 75% LTV; completion fee added up to a max 80% LTV and ERCs at 5%, 4%, 3%, 2%, 1%.

Dale Jannels, managing director at AToM, said: “Foundation Home Loans has been a great lender for innovation with their products being attractive to professional investors as well as those new in to buy-to-let. This new offering really is superb. It’s a fantastic proposition. Unsurprisingly, the phone is already busy and I doubt this product will be around for too long. We are grateful to have this opportunity and it’s another great offering for AToM’s increasing network and broker partners.”

Housing market open for business after Brexit

Jannels added: “Those using the new AToM Together system will know that with just one input, brokers can download all pre-populated application forms, source KFIs and full submission requirements to obtain this great product.”