Foundation Home Loans has increased the maximum total borrowing limits on its buy-to-let range from £2 to £3m, supporting advisers and their portfolio landlord clients.
The specialist lender already has no limit on the number of properties a landlord may have with them, subject to this increased new maximum total limit of £3m. It doesn’t ask for business plans or asset and liability statements.
Jeff Knight (pictured), marketing director at Foundation Home Loans, said: “With our pragmatic approach, we strive to make things as easy as possible for advisers and their landlord clients by having no limit to the number of properties a portfolio landlord may have with us, subject to the new £3m limit.
“There is also no requirement for potential clients to submit onerous business plans or asset and liability statements. By increasing our portfolio limit to £3 million we hope to enhance our proposition even further.”