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TODAY'S OTHER NEWS

Foundation Home Loans raises maximum loan size to £1 million

Due to an increasing demand, Foundation Home Loans is increasing its maximum loan size across its buy-to-let range.

Working exclusively through intermediaries, Foundation Home Loans has increased the maximum individual loan size to £1 million for loans up to 65% LTV.

The maximum size for loans up to 75% and for HMOs remains at £500,000. There is no change to pricing.

Jeff Knight, director of marketing at Foundation Home Loans, said: “We have been receiving increasing demand from intermediaries for larger loan sizes, so this is a simple move in response to that.”

“As a growing specialist intermediary lender, we will continue to identify ways to expand our product proposition to the market.”

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