Residential by Foundation
Residential by Foundation is the home of manual underwriting for complex residential cases – offering specialist options for first-time-buyers, movers and remortgagers with layers of complex income, employment or credit, who don't fit mainstream lending criteria.
- Self Employed, complex/mixed income, complex employment
- First Time Buyers
- Low credit score/ credit history
- F1 – F4 Credit Criteria
- 100% of more income types considered
- Professionals up to 6x and Key Workers up to 5.5x enhanced income multiples
- Joint Borrower Sole Proprietor
- Loans up to £2m
- Interest only, affordability calculated on an interest only basis up to 70% LTV
- Capital raising for buy to let purchase accepted
- Part and part mortgages – see website for LTV limits
- Green mortgages for properties with EPC rating A–C
Buy to Let by Foundation
Buy to Let by Foundation is the home of specialist criteria for limited companies and portfolio landlords.
- UK landlords with F1 – F3 credit criteria
- Portfolio and non-portfolio landlords
- Short Term Lets
- Holiday Lets stressed at 125% for all using seasonal income
- HMOs and Large HMOs
- MUBs up to 10 units
- Green BTL Mortgages EPC A–C
- Day 1 remortgage from cash purchase
- Consumer Buy to Let
Solutions by Foundation
Solutions by Foundation is the home of broader specialist criteria for an additional layer of property or borrower types beyond that typically catered for in the specialist buy-to-let market, such as mixed-use (part-commercial) properties, larger multi-occupation properties and Ex-pats.
- Specialist mixed use properties with combined Residential (60%+ of value) and Commercial Multi Properties (up to 4) on one title
- Day 1 remortgage from cash purchase
- Mixed use 60% residential max 40% commercial
- Up to £3 million maximum
- Up to 70% LTV (mixed use)
- ICR at 125% for Ltd Cos and Basic rate tax payers, 145% for Higher rate and 135% for mixed
Products from Foundation Home Loans can be accessed by using Dynamo for Intermediaries as your payment route or you can choose our expert packaging service. Please contact us for further details.