Residential by Foundation is the home of manual underwriting for complex residential cases – offering specialist options for first-time-buyers, movers and remortgagers with layers of complex income, employment or credit, who don't fit mainstream lending criteria.

Good at:

  • Self Employed, complex/mixed income, complex employment
  • First Time Buyers
  • Low credit score/ credit history
  • F1 – F4 Credit Criteria
  • 100% of more income types considered
  • Professionals up to 6x and Key worker up to 5.5x enhanced income multiples
  • Loans up to £2m
  • Interest only, affordability calculated on an interest only basis up to 70% LTV
  • Capital raising for buy to let purchase accepted
  • Part and part mortgages - see website for LTV limits
  • Green mortgages for properties with EPC rating A-C

Reasons to use Foundation for your next specialist residential case:

Who for?

  • Self-employed – directors, partners and contractors
  • Employed - no minimum term in current job (minimum 3 months employed)
  • Clients with multiple and unusual income sources
  • Holders of credit blips / lower credit scores
  • Eligible Professionals looking for up to 6 x income
  • £ for £ remortgage with no loan to income cap

How much?

  • Maximum loan £2m
  • Maximum term 40 years
  • Maximum age 75 at end of term
  • No minimum income
  • Maximum number of applicants is 4 (immediate family)

Buy to Let by Foundation is the home of specialist criteria for limited companies and portfolio landlords.

Good at:

  • UK landlords with F1 – F3 credit criteria
  • Portfolio and non-portfolio landlords
  • Short Term Lets
  • Holiday Lets stressed at 125% for all using seasonal income
  • HMOs: up to 6 occupants
  • Green BTL Mortgages EPC A-C
  • Day 1 remortgage from cash purchase

Why use Foundation for your next BTL case?

Who for?

  • Individual or portfolio landlords
  • Limited companies with complex structures
  • Up to 4 directors and unlimited shareholders
  • Newly incorporated limited companies acceptable
  • No minimum term of employment/self-employment and no minimum income
  • First time landlords considered

How much?

  • Rental income stressed at 125% for limited co and basic tax, 145% for higher and 135% for mixed
  • Loans up to £2m on core range
  • Large Portfolio - aggregate borrowing above £5m+
  • Large Loans (Up to £5m)
  • Max age 85 (no max age for Ltd Companies)

Solutions by Foundation is the home of broader specialist criteria for an additional layer of property or borrower types beyond that typically catered for in the specialist buy-to-let market, such as mixed-use (part-commercial) properties, larger multi-occupation properties and Ex-pats.

Good at:

  • Specialist mixed use or multi-occupation properties
  • Properties with combined Residential (60%+ of value) and Commercial
  • Large HMOs – no bedroom limit
  • MUBs up to 10 units
  • Day 1 remortgage from cash purchase

Why use Solutions by Foundation for your next specialist case?

Who for?

  • UK Individual or portfolio landlords
  • Limited companies/SPVs
  • Ex-pats on an individual or Ltd Company basis
  • Commercial Landlords with mixed use properties

How much?

  • For Large HMOs with unlimited size to 7 bedrooms at 65% LTV or 8 bedrooms (maximum) to 75% LTV
  • MUBs: up to 10 units
  • Mixed use 60% residential max 40% commercial

Why Foundation?

Foundation Home Loans is the home of specialist buy to let and residential mortgage lending. With our dedicated sales and underwriting teams, we offer support to you throughout all the stages of your clients’ application. Intermediaries tell us they like our easy-to-use portal and flexible underwriting.

To discuss Foundation Home Loans call our sales team on 01403 272625 or email us at sales.team@impactsf.co.uk