Foundation – the home of specialist mortgages
Who we are
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’ applications. Intermediaries tell us they like our easy-to-use portal and flexible underwriting. It’s our aim to be the most trusted lender in the specialist sector so contact us today.
What we do - Residential:
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 Workers up to 5.5x enhanced income multiples
- Joint Borrower Sole Proprietor
- Loans up to £3m
- 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
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
- Those with recent credit blips / lower credit scores
- Eligible Professionals looking for up to 6 x income
- £ for £ remortgage with no loan to income cap
- Those looking to improve the energy efficiency of their property with our EPC Saver
What we do - Buy to Let:
Good at:
- UK landlords with F1 – F3 credit criteria
- Portfolio and non-portfolio landlords
- Short Term Lets
- Holiday Lets stressed at 125% for all and using seasonal income
- HMOs and Large HMOs
- MUFBs up to 10 units
- Green BTL Mortgages EPC A-C
- Day 1 remortgage from cash purchase
- Consumer Buy to Let
- Mixed use/semi-commercial properties with combined Residential (60%+ of value) and Commercial - Solutions range
- Multi Properties (up to 4) on one title - Solutions range
- Properties above or adjacent to commercial premises - Solutions range
Who for?
- Portfolio and non-portfolio landlords
- Individual and Limited Company/SPV applicants
- 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 and for HMOs
- Ex-pat options available
- Those looking to improve the energy efficiency of their property with our EPC Saver
- Landlords considering mixed use properties and with more complex requirements
How much?
- Rental income stressed at 125% for limited co and basic rate taxpayers, 145% for higher rate 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)
- Straightforward underwriting with document requirements waived where possible on BTL and direct updates from underwriters
- Mixed use 60% residential max 40% commercial
Jump to Buy to Let by Foundation products and criteria
How to register with us
Contact details
- Telephone - 0344 770 8032
- Email - enquiries@foundationhomeloans.co.uk
- Address - Foundation Home Loans, 5 Arlington Square, Downshire Way, Bracknell, Berkshire, RG12 1WA
Proc Fees
| Product | Gross | Net | ||
|---|---|---|---|---|
| Product Transfer | 0.30% | 0.27% | ||
| All Products (excl. Product Transfer) | 0.50% | 0.45% | ||
| Semi-Commercial Product | 1.2% | 0.90% |
Links
- Lending Criteria
- Buy to Let Product Guide for Individuals
- Buy to Let Product Guide for Limited Companies
- Buy to Let Criteria Guide
- Residential Product Guide
- Residential Criteria Guide
- BTL 10 Top Tips
- Residential 10 Top Tips
How to Register
Registering for the first time:
Register online via Foundation’s website and list Paradigm as your submission route.Add Paradigm as payment route:
Register online and list Paradigm as your submission route
THIS SITE IS FOR PROFESSIONAL INTERMEDIARY USE ONLY AND NOT FOR USE BY THE GENERAL PUBLIC.
Useful Links
Paradigm Mortgage Services LLP
Office address: 1310 Solihull Parkway, Birmingham Business Park, Birmingham B37 7YB
Registered in England and Wales. Company No: OC323403. Registered Office: Paradigm House, Brooke Court, Lower Meadow Road, Wilmslow, SK9 3ND
Paradigm Mortgage Services LLP is a Limited Liability Partnership.