Foundation Home Loans launches buy-to-let mortgages
Foundation Home Loans (FHL) has launched a range of niche buy-to-let mortgages through a limited panel of brokers and packager firms.
The lender does not expect borrowers to have a minimum income, they are happy to lend to older clients and they will even accept applicants with historic County Court Judgements.
Hans Geberbauer, chief executive officer of FHL, was quoted as saying: “We believe the buy-to-let market is going to prove to be a tremendous growth area in 2015 and beyond.
“With the strength of our balance sheet, our excellent reputation in the capital markets and the knowledge of the BTL market we have built, based on over 70,000 buy-to-let cases, past and present.
“We are in an excellent position to offer the market not only strong products but also, more importantly, a sustainable and realistic proposition across the sector.”
The specialist lender allows:
- Refinancing from bridging loans.
- Lending to older borrowers aged up to 85.
- Applicants to have up to £2,000 CCJ’s providing they are satisfied within the last 12 months.
- Up to 10 properties with Foundation Home Loans even if the borrowers has a large amount of buy-to-lets with other lenders.
If you would like help to secure a buy-to-let mortgage call Trinity on 020 7016 0790.
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