Foundation Home Loans is increasing its maximum loan size across its buy-to-let range in response to increasing demand.
With immediate effect the maximum individual loan size increases to £1m for loans up to 65% LTV.
For loans up to 75% and for HMOs, the maximum loan size remains £500,000. There is no change to pricing.
Jeff Knight (pictured), director of marketing at Foundation Home Loans, said: “We have been receiving an increasing demand from intermediaries for larger loan sizes, so this is a simple move in response to that. As a growing specialist intermediary lender, we will continue to identify ways to expand our product proposition to the market.”
Foundation Home Loans works exclusively through intermediaries, with products designed for clients with more complex needs. It recently launched an HMO product to expand its buy-to-let offering.