Foundation Home Loans withdraws BTL products | Mortgage Strategy

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Foundation Home Loans is withdrawing six of its buy to let products tomorrow (8 June), which it says it will be “replaced with reduced rates”.

The affected products are:

Its F1 large loan five-year fixed 3.09% at 65% loan to value, with a 2.25% fee.

Its F1 five-year fixed 3.24% at 65% LTV, with a 2% fee.

Its F1 five-year 3.34% at 75% LTV, with a 2% fee.

Its F1 early remortgage special five-year fixed 3.49% at 75% LTV, with a 2% fee

Its F1 early repayment charge 3 five-year fixed 3.69% at 75% LTV, with a 2% fee.

And its F1 green reward remortgage five-year fixed 3.65% at 75% LTV, with a 0.75% fee and a £750 cashback on completion.

The specialist lender adds any decisions in principle on existing products will need to be received by 5:30pm on 7 June.

Clients will then have 30 days from your DIP accept date to progress to a full mortgage application.

The firm adds its broker portal will be down from 5:30pm on 7 June to release new products, and will be available again from Tuesday morning.


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