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Foundation lifts portfolio lending cap to £3m

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  • 28/11/2017
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Foundation lifts portfolio lending cap to £3m
Foundation Home Loans has increased the maximum total borrowing limits on its buy-to-let range from £2m to £3m for its portfolio clients.

The lender already has no limit on the number of properties a landlord may borrow against.

Marketing director Jeff Knight said the lender aimed to make things as easy as possible for advisers and their landlord clients by having no limit to the number of properties a portfolio landlord may have with it.

He added: “There is also no requirement for potential clients to submit onerous business plans or asset and liability statements.”

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