Foundation Home Loans has launched a new set of limited company buy-to-let (BTL) products with reduced product fees.
The intermediary-only specialist lender revealed that its limited edition range contains both two and five-year fixed rate options for landlords purchasing or remortgaging through a limited company vehicle.
The products are part of the lender’s F1 range for borrowers who just miss out on mainstream credit scores.
Foundation also confirmed the products will be available with a maximum loan amount of £1.5m at 65% LTV, and £1m at 75% LTV, with the large loan product at £2m. There is no limit to the borrower’s background portfolio size, subject to a maximum of £3m with Foundation.
Foundation commercial director, George Gee, commented: “These limited edition products, purely for those seeking finance via limited companies, now come with a reduced product fee which should make them more desirable for advisers and their landlord clients.
“The Foundation criteria remains exactly the same as we seek to support all those landlords either looking to add to portfolios or seeking refinancing.”
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