Foundation now accepting New Build Flats
Foundation Homeloans are now accepting New Build Flats within their lending criteria.
The key points of their New Build Flat criteria that will apply to both Buy to Let and Residential lending are;
- Lending to a maximum 70% LTV
- Valuations will be on the basis of the property’s resale value
- They will allow off-plan subject to a satisfactory re-inspection prior to funds-release, and any offer made on an off-plan basis is subject to a valuer’s initial assessment and underwriting at that stage
Contact TFC Homeloans now for more.