Complex Buy To Let
Foundation increases maximum buy to let LTV to 80%
Foundation Home Loans, the specialist lender, has increased the maximum loan-to-value (LTV) on its buy-to-let (BTL) range to 80%.
The LTVs for both the standard and first-time landlord products have increased from 75% to 80%, and borrowers can either choose a 2% arrangement fee, or a flat £1995 fee.
Rates start from 3.85%, and are the same for both limited companies and individuals.
Jeff Knight (pictured), director of marketing at Foundation, commented: “We recently undertook a market test through some of our key distribution partners in order to test demand.”
“Following the successful pilot, we have chosen to increase our LTVs across our standard and first-time landlord products – available to a much wider distribution.”
Knight added: “We are always looking for ways to enhance our proposition to landlords, both non-portfolio and portfolio landlords.”
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