Overview
Post Code Restrictions: 
Property must be located in England, Scotland and Wales.
Northern Ireland is not considered.
Landlords of property in Wales must be registered with Rent Smart Wales (with the exception of short term let applications).
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*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.
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What we do - Residential
Good at:
• Self Employed, complex/mixed income, complex employment
• First Time Buyers
• Low credit score/ credit history
• F1 – F4 Credit Criteria
• 100% of more income types considered
• Professionals up to 6x and Key Workers up to 5.5x enhanced income multiples
• Joint Borrower Sole Proprietor
• Loans up to £3m
• Interest only, affordability calculated on an interest only basis up to 70% LTV
• Capital raising for buy to let purchase accepted
• Part and part mortgages - see website for LTV limits
• Green mortgages for properties with EPC rating A-C
Why use Residential for your next specialist residential case?
Who for?
• Self-employed – directors, partners and contractors
• Employed - no minimum term in current job (minimum 3 months employed)
• Clients with multiple and unusual income sources
• Those with recent credit blips / lower credit scores
• Eligible Professionals looking for up to 6 x income
• £ for £ remortgage with no loan to income cap
• Those looking to improve the energy efficiency of their property with our EPC Saver
Residential by Foundation products and criteria
What we do - Buy to Let
Good at:
• UK landlords with F1 – F3 credit criteria
• Portfolio and non-portfolio landlords
• Short Term Lets
• Holiday Lets stressed at 125% for all and using seasonal income
• HMOs and Large HMOs
• MUFBs up to 10 units
• Green BTL Mortgages EPC A-C
• Day 1 remortgage from cash purchase
• Consumer Buy to Let
• Mixed use/semi-commercial properties with combined Residential (60%+ of value) and Commercial - Solutions range
• Multi Properties (up to 4) on one title - Solutions range
• Properties above or adjacent to commercial premises - Solutions range
Why use Foundation for your next BTL case?
Who for?
• Portfolio and non-portfolio landlords
• Individual and Limited Company/SPV applicants
• Limited companies with complex structures
• Up to 4 directors and unlimited shareholders
• Newly incorporated limited companies acceptable
• No minimum term of employment/self-employment and no minimum income
• First time landlords considered and for HMOs
• Ex-pat options available
• Those looking to improve the energy efficiency of their property with our EPC Saver
• Landlords considering mixed use properties and with more complex requirements
How much?
• Rental income stressed at 125% for limited co and basic rate taxpayers, 145% for higher rate and 135% for mixed
• Loans up to £2m on core range
• Large Portfolio - aggregate borrowing above £5m+
• Large Loans (Up to £5m)
• Max age 85 (no max age for Ltd Companies)
• Straightforward underwriting with document requirements waived where possible on BTL and direct updates from underwriters
• Mixed use 60% residential max 40% commercial
Buy to Let by Foundation products and criteria