Foundation Home Loans launches BTL offering




fhl-logoFoundation Home Loans (FHL), launches its BTL proposition today exclusively through the intermediary market.

Foundation Home Loans is the new business trading style of Paratus AMC Limited (“Paratus AMC”) which already manages over 27,000 live mortgage accounts (£3bn in value) and has originated over 420,000, including some 70,000 BTL accounts.

FHL will be marketing its products through nine of the UK’s most respected distributors, who will be responsible for handling enquiries, providing broker support and application processing.

The initial panel will consist of ATOM, Brightstar, Brilliant Solutions, Complete FS, Connect Mortgage Club, Solent Mortgage Services, 3mc, The Mortgage Processing Centre and The Buy to Let Club.

Tony Salentino, Director of Complete FS commented:

“ Complete FS is an acknowledged leader in the BTL sector for advisers and being part of the launch plans for FHL is a testament to the value that a new lender like FHL puts on its choice of partners. We believe that our introducers will be pleased with the options that FHL brings to the market. Landlords of all types now have a strong new resource in FHL with a well thought through product mix and plenty of initiatives in the pipeline.”

Chris Bramham, Director of First Charge & BTL lending at Brightstar said:

“ Brightstar is delighted to be welcomed as a partner of FHL.  I am sure they will become a major new force in the BTL market. Their professionalism chimes with our newly launched rebrand and the way in which we will be marketing our service to intermediaries. It is refreshing to have been consulted on many aspects of the BTL market from a distributor’s perspective and it bodes well for a long collaboration in the future.”

Main products features include: –

  • Prime tracker rates from LIBOR + 3.19%
  • Prime Fixed rates from 3.99%
  • Historic light adverse accepted
  • No minimum income required
  • LTV to 75% prime and 70% with light adverse
  • Fees can be added to max 80% LTV
  • To max age 85


Hans Geberbauer, Chief Executive Officer of FHL and Paratus AMC, said:

“We believe the BTL market is going to prove to be a tremendous growth area in 2015 and beyond. With the strength of our balance sheet, our excellent reputation in the capital markets and the knowledge of the BTL market we have built, based on over 70,000 BTL cases, past and present, we are in an excellent position to offer the market not only strong products but also, more importantly, a sustainable and realistic proposition across the sector.”

“We will be a lender providing a consistent and transparent service and develop a strong and trusted relationship with the intermediary market through our partners. FHL is in the unique position of entering the market with an established, profitable platform, 120 experienced staff and unrivalled understanding of how BTL loans perform.”

According to Paul Brett, Director of Business Development at FHL, the new partnerships are hugely important.

He said, “The intermediary market has proved beyond any doubt that it is the most efficient and cost effective way through which lenders can market their products. For new propositions like ours, the role of professional distributors as strategic partners is even more important. They provide us with a tried and tested distribution channel advisers know and trust. Their expertise will allow us to build our business and tune our offering thanks to their input, while at the same time ensuring that introducers are provided with the best service for their clients.”