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Foundation Home Loans unveils BTL criteria changes


By Michael Griffiths

Foundation Home Loans has announced a series of criteria enhancements across its BTL product range.

The intermediary-only specialist lender revealed it is widening the products available to first-time landlords looking to finance standard properties, as well as for clients with two, three or four missed revolving credit payments in the last two years


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LV= upgrades its income protection plan

LV= has announced new upgrades to its income protection plan to support people living in rented accommodation

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Homes more affordable in two-thirds of UK in 2019

Changes in local house price affordability show that homes have become more affordable in two-thirds of the UK over the past year, according to new analysis by Yorkshire Building Society

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UK housing market cautious ahead of election

Buyer enquiries are continuing to fall in the UK housing market, which remains cautious pending the result of today’s General Election, according to the latest RICS Residential Market Survey

Royal London urges taxpayers to double-check income tax

Approximately 460,000 people in the UK chased HMRC for refunds on overpaid income tax in the year 2018/19, according to an FOI by Royal London.

The mutual insurer has urged taxpayers to double-check whether they may have overpaid tax

MMP Financial Limited enters administration

MMP Financial Limited, trading as My Money Partner and Swift Sterling, has been placed into administration
Lloyds boss apologises to HBOS Reading victims

Lloyds Banking Group has responded to an independent report assessing the Customer Review it set up to compensate victims of the HBOS Reading fraud, and chief executive, António Horta-Osório, has apologised to those who lost out

Smartr365 partners with Brilliant Solutions

Smartr365 has announced a new strategic partnership with Brilliant Solutions Mortgage Club

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Royal London urges taxpayers to double-check income tax

Approximately 460,000 people in the UK chased HMRC for refunds on overpaid income tax in the year 2018/19, according to an FOI by Royal London. The mutual insurer has urged taxpayers to double-check whether they may have overpaid tax

Labour and Lib Dems changes would see investor's tax rates double

Pledges made in both the Labour and Liberal Democrats manifestos would cost investors through the hiking on tax rates to bring them in line with income tax, AJ Bell said

HMRC reveals 4.3% property transaction increase for October

The provisional seasonally adjusted count of residential property transactions in October 2019 increased by 4.3% from the previous month, which was also 4.3% higher than in October 2018, according to HMRC’s latest UK Property Transaction Statistics

Green Party outlines plans for Consolidated Income Tax in manifesto

The Green Party has announced its new manifesto including a radical plan to merge National Insurance, Capital Gains Tax, Inheritance Tax, Dividend Tax and Income Tax into one Consolidated Income Tax.

MMP Financial Limited enters administration

MMP Financial Limited, trading as My Money Partner and Swift Sterling, has been placed into administration

SmartSearch urges next government to publish AML regulations

The CEO of SmartSearch has written an open letter to the Chancellor of the Exchequer urging the government in office after Thursday’s general election to publish the final anti-money-laundering (AML) regulations without further delay, with new EU rules due to be implemented next month

New FCA rules on P2P take effect

New FCA regulations designed to prevent harm to investors, without stifling innovation in the peer-to-peer (P2P) sector, are coming into effect today. The regulator’s new rules are intended to help better protect investors and allow firms and fundraisers to operate in a more long-term and sustainable manner

Supervisory authorities publish new operational resilience proposals

The Bank of England, PRA and FCA have published a new shared policy summary and co-ordinated consultation papers (CPs) on new requirements to bolster operational resilience in the financial services sector

Homes more affordable in two-thirds of UK in 2019

Changes in local house price affordability show that homes have become more affordable in two-thirds of the UK over the past year, according to new analysis by Yorkshire Building Society

Lloyds boss apologises to HBOS Reading victims

Lloyds Banking Group has responded to an independent report assessing the Customer Review it set up to compensate victims of the HBOS Reading fraud, and chief executive, António Horta-Osório, has apologised to those who lost out

Rolling three-month GDP growth flat in UK

The UK’s rolling three-month GDP showed no growth in October 2019, after just the 0.3% growth registered in the third quarter of 2019, new ONS figures have revealed

UK average tenant deposit to drop for first time in four years

Current UK tenants are paying an average rental deposit of £1,299, with an estimated 1.5 million new deposits paid in 2019 to a value of £1.9bn, according to new research by Hamilton Fraser’s deposit alternative scheme Ome

Phoenix Group announces proposed acquisition of ReAssure Group for £3.2bn

The board of Phoenix Group Holdings has announced the proposed acquisition of ReAssure Group for £3.2bn

Doubts over after-effects of auto-enrolment – Hargeaves Lansdown

The UK’s total private pension wealth was £6.1trn between April 2016 and March 2018, 42% of total wealth, new figures published by the ONS revealed

Pension plan trustees facing engagement dilemma

Pension plan trustees are continuing to face a dilemma over how engaged they should be in ensuring members get the right advice about whether to transfer, according to a new report jointly published by Royal London and Eversheds Sutherland

Almost half of Brits not planning on life insurance policy

Only 42% of UK adults would admit to currently having life insurance, although this was a figure 9% higher than in 2018, according to the latest research from MoneySuperMarket

UK housing market cautious ahead of election

Buyer enquiries are continuing to fall in the UK housing market, which remains cautious pending the result of today’s General Election, according to the latest RICS Residential Market Survey

Landbay exits P2P lending market

Landbay has announced it is closing its retail investment arm and exiting the P2P lending market in favour of becoming an institutional only platform

Aspen and CWU complete 82.5% LTV deal for £3.3m

Aspen Bridging has completed an 82.5% LTV development exit case for £3.3m in partnership with the property crowdfunding investment firm, Crowd With Us (CWU)

Conservatives pledge to reform housing market

The Conservative party has outlined plans in its manifesto to reform the housing market by focusing on FTBs and improving terms for renters

Stonebridge launches new ID verification technology

Stonebridge has announced the launch of a new piece of ID and address-verification technology called ‘RevolutionID,’ as well as several additional upgrades to its trading platform, Revolution

Significant shifts recorded in equity release criteria searching

Online broker searches in November showed significant changes in the equity release category, as well as some variation in the residential and BTL categories, according to the latest figures from Knowledge Bank

Defaqto launches new reporting capability for financial planning tool

Defaqto has announced the launch of a multi-product suitability report writing capability in its end-to-end financial planning tool, Engage Core

Tymit launches new app-enabled instalment credit card

Tymit has announced the launch of its app-enabled fee-free instalment Visa credit card to address the ‘lack of transparency and control’ involved with traditional credit cards

LV= upgrades its income protection plan

LV= has announced new upgrades to its income protection plan to support people living in rented accommodation

Foundation Home Loans unveils BTL criteria changes

Foundation Home Loans has announced a series of criteria enhancements across its BTL product range. The intermediary-only specialist lender revealed it is widening the products available to first-time landlords looking to finance standard properties, as well as for clients with two, three or four missed revolving credit payments in the last two years

Product fees removed from Metro Bank’s residential mortgages

Metro Bank has announced the removal of product fees for its existing customer residential mortgage products

Accord Buy To Let softens minimum income requirements

Accord Buy To Let has announced its minimum income requirement is moving to £25,000 per application, as opposed to at least one applicant requiring £25,000 minimum income, to provide greater flexibility for landlords

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BLOG: Now it’s personal – how tailored solutions are creating more lifetime mortgage clients

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BLOG: Vacation, vacation, vacation…

As domestic holiday bookings and inbound tourism go from strength to strength, the holiday buy to let market continues to grow at a pace. Dan Atkinson, Head of Sales and Marketing, the Melton Building Society answers some of the questions most frequently asked by brokers

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