Foundation Home Loans partners with Mortgage Intelligence

Published on

Foundation Home Loans has announced a new relationship with mortgage network and club, Mortgage Intelligence.

Both appointed representative (AR) firms and directly authorised (DA) members of Mortgage Intelligence are able to access Foundation’s range of specialist buy-to-let products including a range of solutions for portfolio and limited company applicants.

Foundation’s range of buy-to-let criteria currently includes 80% LTV for those who are purchasing or refinancing through a limited company, an ICR of 125% of the pay rate for five-year fixed rates, no maximum client age, acceptance of newly-incorporated limited companies, and a maximum loan size of £1.5m.

Foundation also offers a specialist residential range offering mortgages to those clients who have been turned down by high-street lenders.

Jeff Knight, director of marketing at Foundation Home Loans, said: “Mortgage Intelligence has long-held a strong reputation for delivering a quality service and proposition to both AR and DA firms, and we are therefore very pleased to be announcing this new relationship which will allow its advisers to access our range of specialist buy-to-let and residential products.

“Our continued focus is on supporting the activities of advisory firms, particularly in the buy-to-let space, and we are looking forward to working with Mortgage Intelligence and its members to ensure they have access to our highly-competitive product range, and we can help them provide a range of product solutions to their client base.”

Sally Laker (pictured), managing director of Mortgage Intelligence, added: “We have seen what Foundation Home Loans are offering in the specialist lending market and wanted to be able to access their products. We are delighted to announce our partnership and excited to offer our advisers Foundation’s buy-to-let and residential range to help them with even more cases.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

CHL cuts buy-to-let rates by up to 25bps

CHL Mortgages has reduced rates across its short-term let and limited edition buy-to-let ranges. The...

Darlington cuts rates across buy-to-let and specialist ranges

Darlington Building Society has reduced mortgage rates by up to 50bps across its buy-to-let,...

HTB backs £2.4m Mitcham scheme

Hampshire Trust Bank has provided a £2.4m development finance facility for a mixed-use scheme in...

The Mansfield reports record mortgage lending for second year running

Mansfield Building Society has reported record mortgage lending for the second successive year, after...

West Brom cuts rates and adds options to strengthen remortgage appeal

West Brom Building Society has reduced mortgage rates by up to 30bps while widening...

Latest publication

Other news

CHL cuts buy-to-let rates by up to 25bps

CHL Mortgages has reduced rates across its short-term let and limited edition buy-to-let ranges. The...

Darlington cuts rates across buy-to-let and specialist ranges

Darlington Building Society has reduced mortgage rates by up to 50bps across its buy-to-let,...

HTB backs £2.4m Mitcham scheme

Hampshire Trust Bank has provided a £2.4m development finance facility for a mixed-use scheme in...