Foundation Home Loans increases borrowing limits to £3m

Foundation Home Loans has increased the maximum total borrowing limits on its buy-to-let range from £2 million to £3 million.

Related topics:  Mortgages
Rozi Jones
28th November 2017
Jeff Knight
"By increasing our portfolio limit to £3 million we hope to enhance our proposition even further."

The specialist lender has no limit on the number of properties a landlord may have with them, subject to the new £3m limit.

Jeff Knight, Marketing Director at Foundation Home Loans, said: “With our pragmatic approach, we strive to make things as easy as possible for advisers and their landlord clients by having no limit to the number of properties a portfolio landlord may have with us, subject to the new £3m limit.

"There is also no requirement for potential clients to submit onerous business plans or asset and liability statements. By increasing our portfolio limit to £3 million we hope to enhance our proposition even further.”

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