Foundation Home Loans Updated Products

Posted by wisemarketing on June 8, 2018

Foundation Home Loans have an updated range of HMO products and a new range of Large HMO products which are available now

  • HMO of more than 6 bedrooms (Max we accept is 8)
  • MUB of more than 6 units (Max we accept is 10 units)
  • MUB that is a purpose built block regardless of the number of units - i.e. All purpose built MUBs go on the large MUB product
  • MUB where there is more than 1 bedroom in a single unit - i.e. A converted block of 5 units where you have a 2 bed flat will go on the large MUB product
  • Max LTV £1m at 65% - Max £500k at 75%
  • Panel Solicitors are instructed on all HMO & MUB cases - TWM are used
  • Separate valuation fee scale with more in-depth commercial/Long book/Red book valuation report will be carried out.

Foundation Home Loans USPs

  • Minimum loan £50k
  • 65% LTV Products up to £1m
  • 75% LTV Products up to £500k
  • All products in the attached must meet Foundations Standard adverse criteria
  • The valuation fee scale varies between the HMO & Large HMO product ranges