Foundation Home Loans has launched a new range of mortgages with enhanced loan-to-income multiples aimed at borrowers working in professions with good career prospects.

The range allows first-time buyers, home movers and those remortgaging from eligible professions to borrow up to six times their income. Eligible borrowers include those working in the accounting, actuarial, medical, legal, surveying, architecture or engineering professions. 

Rate options include a two-year fixed-rate starting at 2.99 per cent (up to 75 per cent LTV) and a two-year fix of 3.84 per cent (at 85 per cent LTV). 

Foundation Home Loan is also offering a two-year discount, currently at 2.84 per cent (up to 75 per cent LTV) and 3.69 per cent (at 85 per cent LTV). There are no ERCs on the discounted product and both the fixed and discounted deals comes with a free valuation and flat product fee of £1,495. 

Foundation Home Loans commercial director George Gee says the company was widening its proposition to ensure it continued to cater for different types of borrowers with complex needs. 

He adds: “We have the expertise to individually assess incomes and we can, for some clients such as professionals, apply enhanced multiples. These products offer additional choice to borrowers who have secured their professional qualification. The enhanced income multiples should allow them to access a wider range of property options.”