Foundation – the home of specialist mortgages

What Foundation is good at:

  • Residential mortgages for borrowers with complex income, employment or credit history
  • Buy-to-let mortgages for landlords, portfolios and limited companies
  • Specialist property types including HMOs and multi-unit blocks

Foundation Home Loans for specialist residential

Not every case is straightforward, or ordinary. Some clients have circumstances that are a bit more, well, extraordinary.

That is where we can help. Whether it is a client who has recently changed jobs, is self-employed, has income from unusual sources, or some blips on their credit record, we can help.

There is a wide choice of products and flexible criteria to suit a range of extraordinary circumstances.

Foundation key strengths for Residential:

  • Self-employed –latest 1 year’s accounts accepted; retained profits considered
  • Wide range of income types accepted up to 100% including bonus, overtime and commission, investment, trust, net rental, retirement income
  • Employed – no min term in current job (min 3 months employed).
  • Max age 75 at end of term
  • Up to 85% LTV, part and part up to 80% LTV
  • Capital raising for buy to let accepted
  • Interest only affordability calculated on an interest only basis up to 70% LTV
  • Max term 40 years
  • Loans up to £2m
  • Up to 4 applicants
  • £ for £ Remortgage

Foundation Home Loans for specialist Buy to Let

The Foundation Buy to let range is designed for portfolio and non-portfolio landlords individually or on a limited company basis.

  • Individual or limited company
  • Limited companies with complex structures
  • Up to 4 directors
  • Newly incorporated limited companies acceptable
  • ICR of 125% for limited company borrowers and basic rate taxpayers and 145% for others
  • No minimum term of employment/self-employment and no minimum income
  • Up to 80% LTV
  • Loans up to £2m
  • No limit to portfolio size, subject to max borrowing of £3m with us
  • Cater for specialist properties such as HMOs, short term lets and Multi Unit Blocks
  • HMOs: up to 8 bedrooms and MUBs: up to 10 units
  • Products for first time landlords
  • Ex-pats considered for limited companies only
  • Green Mortgages available for the remortgage of properties with an EPC rating of C or above

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