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Foundation Home Loans to pull select two year deals

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  • 16/09/2020
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Foundation Home Loans to pull select two year deals
Foundation Home Loans will withdraw a selection of two-year buy-to-let deals tomorrow.

 

In an email sent to brokers, Foundation said it was withdrawing its two-year flat fee deals and its two-year discounted variable products from Thursday.

Decision in principles will be accepted on the products until 7pm Wednesday 16 September.

Brokers will be unable to access the portal between 7pm and Thursday morning while new deals are added to the system.

The specialist lender overhauled its range at the beginning of September, introducing new deals at 65, 75 and 80 per cent loan to value.

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Samantha Partington is a freelance trade and consumer journalist writing about property and personal finance. Previously she worked worked for the Daily Mail and Property Week. She is the former deputy editor of Mortgage Solutions and editor of Specialist Lending Solutions. Before becoming a journalist, Samantha worked as a mortgage broker and latterly for a mortgage, bridging and secured loan lender. Samantha is CeMAP qualified. Follow her on Twitter @SamJPartington1.

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