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Foundation launches five-year fix remortgage special product

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  • 07/06/2019
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Foundation launches five-year fix remortgage special product
Foundation Home Loans has launched a five-year fix remortgage special product suitable for portfolio landlords, limited companies and individuals.

 

It is available at 3.59 per cent up to 65 per cent loan to value (LTV) and 3.89 per cent up to 75 per cent LTV, and comes with a flat fee of £2,995 with stepped early repayment charges (ERCs) from five per cent down to one per cent.

The product also comes with a free standard valuation and £250 cashback upon completion.

The lender said it also more than doubled applications and volume of limited company business in May 2019 compared to the same month a year ago.

Jeff Knight, director of marketing at Foundation Home Loans (pictured), said: “We are seeing huge interest in this area of the market and will continue to develop our proposition to meet the needs of our intermediary partners and their clients in this product area.”

Tony Salentino, director of Complete FS, added: “Foundation has really focused its efforts over the last year on this key area of the market, and the results are there to see; we have total confidence in Foundation’s ability to service the breadth of the business we do.”

 

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