Solutions by Foundation, the specialist buy-to-let brand of Foundation Home Loans, has reduced prices on selected semi-commercial products by up to 0.2% – one available for expat borrowers and one for standard use, with rates now start from 6.89%.
For semi-commercial (mixed-use) real estate – real estate with residential and commercial components combined – the lender requires a home appraisal and rental income of both more than 60% of the total of the real estate.
Solutions by Foundation has also launched a new two-year fixed rate limited edition exclusively for expat borrowers financing a standard type of buy-to-let financing, available up to 75% LTV with a rate of 6.64% and a fee of 1.5 %. %.
Tom Jacob, product and marketing director at Foundation Home Loans, said: “Semi-commercial properties are an important part of the specialist buy-to-let market and it is important that we continue to offer competitive prices and product options in this area, not only for Great Britain. -based borrowers, as well as expats who are increasingly interested in the opportunities these properties offer.”