Solutions by Foundation, the specialist buy-to-let (BTL) brand of Foundation Home Loans, has reduced pricing on selected semi-commercial products by up to 0.2%
This includes an option for expat borrowers as well as standard borrowers, with rates now starting from 6.89%.
For semi-commercial properties with residential and commercial elements, Solutions by Foundation requires a residential valuation and rental income both in excess of 60% of the total of the property.
Solutions by Foundation has also launched a two-year fixed limited-edition product, exclusively for expat borrowers financing a standard BTL property. This is available up to 75% loan to value (LTV) with a rate of 6.64% and a fee of 1.5%.
Tom Jacob, director of product and marketing at Foundation Home Loans, said: “Semi-commercial properties are a key part of the specialist buy-to-let marketplace, and it’s important we continue to offer competitive pricing and product options in this area, not just for UK-based borrowers but also expats who are increasingly interested in the opportunities these properties provide.
“In addition to the semi-commercial changes, we are also pleased to announce this specific new expat product on a two year fixed-rate basis. Solutions by Foundation was specifically set up to look at a broader array of specialist buy-to-let properties and landlords, and we will continue to look at and provide advisers with the product solutions they need in these and many other areas.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
