Foundation expands first-time landlord offering

  • 19/07/2017
  • 0
Foundation expands first-time landlord offering
Foundation Home Loans has bolstered its first time landlord range with a number of new products.

New landlords will now be able to access five-year fixed rates from 3.59% while early repayment charges (ERCs) on two-year fixes have been reduced to 2%.

Jeff Knight, marketing director at Foundation Home Loans, said: “Deciding to become a landlord for the first time can be daunting, so in an industry increasingly focused on portfolio landlords it’s important not to forget those just starting out. Our approach aims to cater to all borrowers, whatever their portfolio size, but we are pleased to be able to offer First Time Landlords more options.”

Foundation Home Loans launched its first-time landlord offering within months of coming to market in 2015. Borrowers who have had a mortgage at some point and have since sold the property or come off the mortgage and are, for example, now renting – would be considered for a first-time landlord mortgage

Eariler this year it announced that it had launched into the residential space.

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