The Foundation adds a two-year BTL agreement to the green range


Foundation Home Loans has added a two-year “special edition” buy-to-let product up to 75% LTV to its Green ABC+ mortgage portfolio.

Products are available at up to 75% LTV for limited companies and individuals looking to remortgage or purchase.

The specialist lender is offering the deals as part of its F1 product line, for borrowers with near-clean credit histories, with a two-year discount at 3.49% (3.25% discount).

For HMO (multiple occupancy homes) loans – up to six occupants – there is a two-year discount at 3.74% (3% discount), while for short-term rentals there is a discount over two years at 3.84% (2.9% discount).

All products are ERC-free and come with a 1.5% product fee.

The maximum loan amount has been increased from £1m to £1.5m for property owners looking to borrow more at 75% LTV for their EPC AC rated properties.

The lender’s green range launched in October 2021 and in March 2022 it extended its green BTL options to specialist property types, including short-term rentals and standard HMOs (up to six occupants).

The Foundation’s Managing Director (Commercial), George Gee, says: “In the recent Q2 iteration of the BDRC Owner Panel survey, nearly two-thirds of owners (63%) planning to buying a property in the next 12 months were looking for a property. rated AC and 53% of owners who had purchased a property in the past three months purchased properties with an EPC AC. This data helps demonstrate the changing attitudes and appetites of homeowners when it comes to the energy performance of their properties and this is an area that will only grow in light of the potential legislative changes that remain on the horizon.

This enhancement to our ABC+ Green Mortgage range, with the addition of a special edition two-year BTL rebate package, underscores our continued commitment to supporting the green agenda and providing options for homeowners looking to add to their existing portfolios or remortgage properties within them. We are only at the beginning of the green mortgage journey and we will continue to drive positive change wherever possible throughout our buy-to-let and residential proposals.

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