01276 601041 info@buytoletclub.com www.buytoletclub.com Guide For intermediary use only FOUNDATION HOME LOANS Effective from December 2015 Foundation Home s is a trading style of Paratus AMC Limited who are incorporated in England and Wales with company number 03489004 and whose registered office is at 5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Paratus AMC Limited is authorised and regulated by the Financial Conduct Authority. Calls may be monitored or recorded Page 1 of 12
Introduction FHL is a 21st century Buy to Let lender with good old fashioned values. Our service is everything, our attitude is key and our products... well you be the judge. We believe that, when it comes to specialist buy to let lending, you need experienced staff, strong infrastructure, positive values and heaps of integrity to ensure a smooth transition from application to completion. Useful Contacts Telephone: Website: Email: 01276 601041 www.buytoletclub.com info@buytoletclub.com Content Prime Fixed 5 Year 3 Prime Fixed 3 Year Prime Fixed 2 Year 4 5 Prime Variable 6 Light Adversed 5 Year Fixed Light Adversed 3 Year Fixed Light Adverse 2 Year Fixed 7 8 9 Light Adverse Variable 10 First Time Landlord Fixed 2 Year First Time Landlord Discounted Tracker 11 12 Page 2 of 12
Prime Fixed 5 Year Specification BF50006P Code BF50006C Rate 4.39% Fixed to 30/04/2021 Type 5 Year Fixed Reversion Rate LIBOR plus 4.50% Maximum LTV 75% 500 only ERC 5%, 4%, 3%, 2%, 1% Size 50,000-500,000 125% of the pay rate Secured Arrears CCJ/Default registered or satisfied within the last 24 months missed mortgage payments in the last 24 months Unsecured Arrears ne missed in last 12 months. Maximum 2 missed on 1 account in last 24 months Yes, SPV for purpose of property rental, no trading companies The information contained within must not be distributed to members of the public. 2015 Foundation Home s is a trading style of Paratus AMC Limited. Registered Office:.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company. 3489004. Paratus AMC Page 3 of 12
Prime Fixed 3 Year Specification BF30006P Code BF30006C Rate 3.89% Fixed to 30/04/2019 Type 3 Year Fixed Reversion Rate LIBOR + 4.50% Maximum LTV 75% 500 only ERC 3%, 2%, 1% Size 50,000-500,000 Higher: 125% of the pay rate or 5.25% notional rate CCJ/Default registered or satisfied within the last 24 months Secured Arrears missed mortgage payments in the last 24 months Unsecured Arrears ne missed in last 12 months. Maximum 2 missed on 1 account in last 24 months Yes, SPV for purpose of property rental, no trading companies The information contained within must not be distributed to members of the public. 2015 Foundation Home s is a trading style of Paratus AMC Limited. Registered Office:.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company. 3489004. Paratus AMC Page 4 of 12
Prime Fixed 2 Year Specification BF20006P Code BF20006C Rate 3.69% Fixed to 30/04/2018 Type 2 Year Fixed Reversion Rate LIBOR plus 4.50% Maximum LTV 75% 500 only ERC 3%, 2% Size 50,000-500,000 Higher of: 125% of pay rate or 5.25% notional rate Secured Arrears CCJ/Default registered or satisfied within the last 24 months missed mortgage payments in the last 24 months Unsecured Arrears ne missed in last 12 months. Maximum 2 missed on 1 account in last 24 months Yes, SPV for purpose of property rental, no trading companies The information contained within must not be distributed to members of the public. 2015 Foundation Home s is a trading style of Paratus AMC Limited. Registered Office:.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company. 3489004. Paratus AMC Page 5 of 12
Prime Variable Specification BV00006P Code BV00006C Rate LIBOR + 3.41% Type Variable Reversion Rate LIBOR plus 3.41% Maximum LTV 75% 500 only ERC 3%, 2% Size 50,000-500,000 Higher of: 125% of pay rate or 5.25% notional rate CCJ/ Default registered or satisifed within the last 24 months Secured Arrears missed mortgage payments in last 24 months Unsecured Arrears ne missed in last 12 months. Maximum 2 missed on 1 account in last 24 months Yes, SPV for purpose of property rental, no trading companies The information contained within must not be distributed to members of the public. 2015 Foundation Home s is a trading style of Paratus AMC Limited. Registered Office:.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company. 3489004. Paratus AMC Page 6 of 12
Light Adverse Fixed 5 Years Specification BF50006L Rate 5.19% Fixed to 30/04/2021 Type LIBOR + 5.00% Reversion Rate LIBOR + 5.00% Maximum LTV 70% ERC 5%, 4%, 3%, 2%, 1% Size 50,000-500,000 125% of pay rate Secured Arrears Unsecured Arrears Maximum 1 satisfied CCJ/Default up to 2k in last 24 months, none in last 12 months. Any CCJ s/default must be satisfied or brought up to date at time of application Maximum of 1 missed payment in the last 24 months, with none in the last 6 months Maximum 2 missed payments on 1 account in last 12 months, none in last 6 months The information contained within must not be distributed to members of the public. 2015 Foundation Home s is a trading style of Paratus AMC Limited. Registered Office:.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company. 3489004. Paratus AMC Page 7 of 12
Light Adverse Fixed 3 Years Specification BF30006L Rate 4.89% Fixed to 30/04/2019 Type LIBOR + 5.00% Reversion Rate LIBOR + 5.00% Maximum LTV 70% ERC 3%, 2%, 1% Size 50,000-500,000 Higher of: 125% of pay rate or 6% notional rate Secured Arrears Unsecured Arrears Maximum 1 satisfied CCJ/Default up to 2k in last 24 months, none in last 12 months. Any CCJ s/default must be satisfied or brought up to date at time of application Maximum of 1 missed payment in the last 24 months, with none in the last 6 months Maximum 2 missed payments on 1 account in last 12 months, none in last 6 months The information contained within must not be distributed to members of the public. 2015 Foundation Home s is a trading style of Paratus AMC Limited. Registered Office:.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company. 3489004. Paratus AMC Page 8 of 12
Light Adverse Fixed 2 Years Specification BF20006L Rate 4.49% Fixed to 30/04/2018 Type LIBOR + 5.00% Reversion Rate LIBOR + 5.00% Maximum LTV 70% ERC 3%, 2% Size 50,000-500,000 Higher of: 125% of pay rate or 6% notional rate Secured Arrears Unsecured Arrears Maximum 1 satisfied CCJ/Default up to 2k in last 24 months, none in last 12 months. Any CCJ s/default must be satisfied or brought up to date at time of application Maximum of 1 missed payment in the last 24 months, with none in the last 6 months Maximum 2 missed payments on 1 account in last 12 months, none in last 6 months The information contained within must not be distributed to members of the public. 2015 Foundation Home s is a trading style of Paratus AMC Limited. Registered Office:.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company. 3489004. Paratus AMC Page 9 of 12
Light Adverse Variable Specification BV00006L Rate LIBOR + 4.30% Type Variable Reversion Rate LIBOR plus 4.30% Maximum LTV 70% ERC 3%, 2% Fees added to loan Fees can be added to the loan up to a maximum LTV of 75% Size 50,000-500,000 Higher of : 125% of pay rate or 6% notional rate Secured Arrears Unsecured Arrears Max 1 satisfied CCJ / Default up to 2k in last 24 months, none in last 12 months. Any CCJ s/ Default must be satisfied or brought up to date at time of application Maximum of 1 missed payment in the last 24 months, with none in the last 6 months Max 2 missed payments on 1 account in last 12 months, none in last 6 months The information contained within must not be distributed to members of the public. 2015 Foundation Home s is a trading style of Paratus AMC Limited. Registered Office:.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company. 3489004. Paratus AMC Page 10 of 12
First Time Landlord Fixed 2 Year Specification BF20006F Code BF2006CF Rate 4.19% Fixed to 30/04/2018 Type LIBOR + 4.50% Reversion Rate LIBOR plus 4.50% Maximum LTV 75% 500 only ERC 4%, 3% Purchase/Remortgage Buy to Let Size 50,000-500,000 Higher of: 125% of pay rate or 5.25% notional rate Secured Arrears Unsecured Arrears CCJ/ Default registered in the last 6 years missed mortgage payments in last 6 Years ne in last 6 years Last 3 months + demonstrate 6 months rent cash in bank + 1,000 to cover costs Yes Yes, SPV for purpose of property rental, no trading companies The information contained within must not be distributed to members of the public. 2015 Foundation Home s is a trading style of Paratus AMC Limited. Registered Office:.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company. 3489004. Paratus AMC Page 11 of 12
First Time Landlord Discount Tracker Specification BT00006F Code BT0006CF Rate LIBOR + 3.39% to 30/04/2018 Type 2 Year Discounted Tracker Reversion Rate LIBOR plus 4.50% Maximum LTV 75% 500 only ERC 4%, 3% Purchase/Buy to Let Repayment or Interest Only Size 50,000-500,000 Higher of : 125% of pay rate or 5.25% notional rate Secured Arrears Unsecured Arrears CCJ/ Default registered in the last 6 years missed mortgage payments in last 6 Years ne in last 6 years Last 3 months + demonstrate 6 months rent cash in bank + 1,000 to cover costs Yes Yes, SPV for purpose of property rental, no trading companies The information contained within must not be distributed to members of the public. 2015 Foundation Home s is a trading style of Paratus AMC Limited. Registered Office:.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company. 3489004. Paratus AMC Limited is authorised and regulated by the Financial Conduct Authority. Our registration number is 301128. Page 12 of 12