Foundation Home Loans has expanded its buy-to-let (BTL) criteria to now accept single household properties let to housing association and local authority tenants. The lender said this latest criteria enhancement would give brokers and their landlord clients further flexibility when structuring BTL cases, particularly at a time when demand for social housing continues to grow.

Afin Bank has launched a new mortgage proposition designed for high-net-worth borrowers. The lender’s Afin Premier offering will enable clients to include assets such as their pensions, investments, shares, real estate holdings, as well as items such as fine art and classic cars, when assessing their affordability for a mortgage. Afin said the proposition could be suitable for “asset rich” customers who may take a lower income than would normally be required for the size of mortgage.

Selina Finance has launched an updated home equity line of credit (HELOC), simplifying and enhancing the product for brokers and borrowers with the aim of unlocking wider adoption of HELOCs in the UK. The offering will now include a flat 1.5% procuration fee for brokers paid upfront with no minimum utilisation requirement, flexible drawdown periods of two to five years and fixed credit limits during the flexible drawdown period.

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