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Graham Awards


Foundation Home Loans targets first time landlords

Foundation Home Loans has launched two HMO products for first-time landlords under its ‘Buy to Let by Foundation’ wrapper.

Both are available up to 75 per cent loan to value with a two-year fix starting at 6.84% and a five-year fixed-rate option starting at 6.49%. Each comes with a 2% fee.

These products are available on properties that fall within the standard HMO definition, for up to six occupants, and exclusively target first-time landlords defined as those who have not operated a residential BTL within the last 12 months. The applicant must currently be an owner-occupier.


Both products are available within Foundation’s F2 range, for clients financing a more specialist property type and/or those with some historical blips on their credit rating.

Foundation Home Loans director of product and marketing Tom Jacob says: “Historically, first-time landlords tended not to begin with more specialist property types, however more recently we have been aware of an increase in demand in this space, no doubt fuelled by a quest for greater rental yield levels, and in order to meet the healthy demand for such tenancies.

“HMO properties clearly come with greater responsibilities and requirements than standard rental property types and it’s important advisers play a pivotal role with first-time landlords, helping them understand all that is involved as well as ensuring they have the right finance solution for their purchase needs.”


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