In This Article
Who are Foundation Home loans?
Foundation Home Loans is a UK-based mortgage lender based in Bracknell in Berkshire and is a prominent name in the specialist mortgage industry.
They say the aim to offer the most trusted lending in the specialist sector.
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What lending does Foundation Home Loans specialise in?
Foundation Home Loans understand that not every client has ordinary circumstances. Some clients have unique situations that require a bit more flexibility.
The lender, therefore, offers a wide variety of residential and buy to let mortgage products, which are only available through mortgage brokers.
Foundation Home Loans residential mortgages
Foundation Home Loans offer various residential mortgages tailored to meet your needs, whether you are self-employed, have recently changed jobs, or have some blemishes on your credit history.
Foundation Home Loans buy to let mortgages.
Their buy to let products are available for both individual landlords and limited companies. They also have a range of specialist buy to let products financing properties such as houses of multiple occupations (HMOs), short-term lets such as Airbnb, and multi-unit blocks.
Are their mortgage rates competitive?
Foundation Home loans are competitive in their niche. Foundation Home Loans may be considered when you do not fit with the high street banks offering more competitive products.
However, interest rates, fees, and the lender’s service are essential when shopping for a mortgage. Your credit score will affect the interest rate you’re offered. Some fees are charged by the lender, like application and origination fees, while others, like appraisal fees and closing costs, are paid by you. Be sure to review the loan’s terms and conditions before deciding carefully. If you’re unsure which mortgage is right, consider speaking to a mortgage advisor who can help you compare your options.
Have you considered remortgaging with Foundation Home Loans?
If you are a customer of Foundation Home Loans, you cannot remortgage directly with them. You may want to speak to a mortgage consultant who can review the whole market and find the best option for you.
What is their application to offer time?
The average time from application to offer at Foundation Home Loans is around four weeks. However, this duration may be extended if the deal is more complicated, for example, due to bad credit, a non-standard property type, or complex cases such as self-employed income.
Declined a Foundation Home Loans mortgage with another broker?
If you’ve been declined a mortgage from Foundation Home Loans, speaking with a new mortgage advisor could help you find a lender willing to give you a mortgage. There are many reasons why someone might be declined a mortgage, but some common causes include having a bad credit, insufficient income, a poor credit score or too much debt. However, a mortgage advisor may be able to help you find a lender, regardless of your financial situation.
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Foundation Home Loans offer a wide variety of residential and buy to let mortgage products. However, high street banks typically offer more competitive products overall.
If you are a customer of Foundation Home Loans, you cannot remortgage with them at this time. They do not offer product transfers or retention rates. You may want to speak to a mortgage advisor who can review the whole market and find the best option for you.
If you’ve been declined a mortgage from Foundation Home Loans, speaking with a mortgage advisor could help you find a lender willing to give you a mortgage.
Should you want to speak to an expert mortgage advisor, please complete the contact form below, and I NEED ADVICE will match you with a mortgage advisor who can review the whole market and recommend the right mortgage for you.