Foundation Home Loans increases max buy-to-let LTV to 80%

Mortgage Introducer

December 14, 2017

Foundation Home Loans has increased its maximum buy-to-let loan-to-value from 75% to 80% on both its standard and first-time landlord products.

The products in question have rates from 3.85% with a choice between a 2% arrangement fee or a flat £1,995 fee.

Jeff Knight (pictured), director of marketing, said: “We recently undertook a market test through some of our key distribution partners in order to test demand.

“Following the successful pilot, we have chosen to increase our LTVs across our standard and first-time landlord products – available to a much wider distribution.

“As a growing and ambitious company, we are always looking for ways to enhance our proposition to landlords, both non-portfolio and portfolio landlords. Our rates are also the same for both limited companies and individuals.”

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