Solutions by Foundation meeting landlords appetite
Moving into 2024, we noted plenty of encouraging signs emerging from landlords who were demonstrating their ongoing commitment to the buy-to-let sector and looking through a longer-term lens regarding the performance and potential of an array of property investment types.
This was especially apparent amongst portfolio landlords, who are now further extending their grasp of the sector and exploring opportunities in a housing market that is favouring cash-rich buyers, those looking to diversify, and those in a position of strength to use the financial clout of their established portfolios.
Solutions by Foundation
Solutions by Foundation, is a new proposition driven by rising levels of interest in even more specialist BTL properties, especially in the form of semi-commercial (mixed-use), larger multi-occupation properties, and mortgages for expat landlords.
Arguably the area which accelerated the introduction of the Solutions by Foundation brand was the uplift in the volume of semi-commercial mortgage enquiries experienced over the past 12 to 18 months. This type of solution may once have been seen purely as the domain of a commercial specialist, both from an advice and lender standpoint.
However, for areas with differing degrees of residential elements, more options are emerging from those specialist lenders who have capacity, appetite, expertise and manual underwriting capabilities to complete this type of business. For a property to qualify for a semi-commercial mortgage, the rental income and the valuation of the residential part of the property must be in excess of 60% of the total for the property.
Foundation is the home of specialist lending
Solutions by Foundation offer products and the manual underwriting needed for these sorts of complex deals. By catering for increasingly complex property types – and non-vanilla BTL borrowers –they continue to demonstrate commitment to landlord’s ongoing quest for higher yields and successful growth.
Their impressive portfolio includes a residential arm alongside ‘Buy to Let by Foundation’ for limited companies, portfolios, holiday and short-term lets; and ‘Solutions by Foundation’ for specialist BTL such as multi-occupancy, semi-commercial property, and Expats.
About Fiducia Commercial Network
Fiducia Commercial Network is a commercial finance ‘Appointed Representative’ network created to allow independent firms to provide commercial property finance and trading business finance options to their existing client base and network.
Joining the network provides opportunities for professional brokers to offer a full range of commercial finance solutions by acting as an Appointed Representative (AR) with the full support of the Fiducia Commercial Network team.
The Fiducia Commercial Network membership includes FCA authorisation and reporting, PI insurance, and NACFB membership, plus business, compliance, finance, system, and admin support from a company with over 20 years’ experience in commercial finance.
If you’d like to discuss joining Fiducia Commercial Network or you’d like to apply to become an Appointed Representative…
To discuss Fiducia Commercial Network or to apply to become an Appointed Representative email the team via by clicking this link.
For all media and marketing enquiries contact – pr@fiduciagroup.co.uk
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