Foundation Improve Products  - 28/02/2022 12:21

Expat mortgages from Foundation now for individuals as well as Limited Companies – plus new product range

Foundation’s expat proposition is now available to landlord individuals who are UK nationals living as expats worldwide as well as to Limited Companies.

  • New range of Expat specific products including options for Green, Short Term Lets, HMO all up to 75% LTV
  • ICR calculated same as the core range: Stress tested at 125% for basic rate tax payers and Limited Companies, and 145% for others
  • Reduced fee of 1.25% across the Expat range
  • Accepting individual applications from over 60 countries, including EU/EEA/Switzerland subject to conditions

Foundation Home Loan’s Expat mortgages are available to non-SPV landlord individual expatriates as well as limited companies.

As well as broadening their lending criteria, Foundation Home Loans have introduced a new range of specific products for Expats looking to purchase or remortgage a buy to let property including options for Green, Short Term Lets, HMOs all up to 75% LTV, and with a reduced fee of 1.25% across the Expat range, except for the Green option which continues to benefit from the 0.75% fee of the Green range.