FHL cuts max age limit for Limited Company BTL

Foundation Home Loans has launched a new range of products and removed maximum age limits for Limited Company buy-to-let.

Related topics:  Mortgages
Rozi Jones
21st June 2016
Paul Brett
"The whole range, including our light adverse products, are now available at the same price point as Individual products."

In addition, FHL has confirmed that its whole range, including light adverse products, are now priced the same for Individual and Limited Company buy-to-let.

It has also reduced rates on Prime Fixed products and launched new Light Adverse products for Limited Company purchase and remortgage.

New rates include a two-year fixed rate at 3.59%, three-year fix at 3.79%, and a five-year fix at 4.09%.

Paul Brett, Business Development Director at Foundation Home Loans, said: “Our product matrix continues to improve navigation for advisers by further simplification of the criteria. Significantly, we are showing our commitment to the Limited Company channel by ensuring that the whole range, including our light adverse products, are now available at the same price point as Individual products. Our 5 year fixed rate product at 4.09% will be extremely popular with landlords, particularly wedded to a rental cover calculation at 125% of pay rate or 5.25% notional rate.

"Taken as a whole, our new range gives all landlords some of the best deals available with a marked reduction in unnecessary criteria rules for their advisers.”

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