Foundation Home Loans change limited company offer

Foundation Home Loans has removed the £500 processing and administration fee for buy-to-let applications from limited companies.

This news comes as the latest BDRC Landlords Panel Survey found almost a quarter (22%) of landlords with a portfolio of 20 properties or more had already transferred ownership to a limited company or spouse, whilst 27% were considering it.

Jeff Knight, marketing director at Foundation Home Loans, said: “We are constantly reviewing our proposition to ensure we keep things simple and straightforward for brokers and their clients.

“Removing this fee is a real benefit to the growing number of landlords who are choosing a limited company structure to expand their business.”

Foundation Home Loans also recently launched their HMO product with both 2 and 5-year fixed rates.

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Read the full story and more at Specialist Finance Introducer