NEW HELP TO BUY REMORTGAGES FROM FOUNDATION HOME LOANS

On Thursday 25th November, Foundation Home Loans are launching a new Help to Buy remortgage proposition: a remortgage choice for borrowers with an existing Help to Buy mortgage and equity loan, looking for a better rate or the opportunity to repay some of the equity loan.

Borrowers can remortgage the mortgaged part of their property to up to 75% of current property value. They can also choose to repay all or part of the equity loan from Help to Buy (staircasing) subject to affordability, capital available and Help to Buy scheme conditions. 

Help to Buy products from Foundation are currently available through selected channels only.

Help to Buy remortgage

• A 2 Year Fixed rate of 3.74%
• Maximum loan of £1m up to 75% LTV
• One free standard valuation – to minimise initial costs
• Reduced £595 fee and £125 application fee – to minimise initial costs
• Available on a remortgage basis only
• Available on a Capital and Interest repayment basis only