Foundation has returned to the market with a revised product range across both buy-to-let and residential lending, following a temporary withdrawal earlier this week.
The intermediary-only specialist lender says the refreshed line-up is now live, with products aimed at supporting brokers across a broad range of borrower and property types.
In buy-to-let, the relaunched range covers standard mortgages as well as houses in multiple occupation, multi-unit freehold blocks, short-term lets, expats and the lender’s Property and HMO Plus options.
Foundation has also made selected fee changes on five-year fixed-rate products, including a reduction on standard HMO products.
On the residential side, the lender has reintroduced products at 65% loan-to-value for its F1 tier and added new options at up to 85% LTV within its F2 range.
The range also includes two-year and five-year fixed-rate remortgage products with either cashback or fee-assisted legals, alongside options for key workers, EPC Savers and joint borrower sole proprietor cases.
Foundation said it has not brought back every product previously available, but has streamlined both ranges to allow it to respond more quickly to changing market conditions. It said it had maintained coverage across its core lending areas.
The lender added that rates across both ranges remain competitive within the specialist sector, with products available across a mix of fixed terms and fee structures.
Grant Hendry (pictured), director of sales at Foundation, said: “We took the decision earlier this week to withdraw products in response to a period of significant market movement and deep uncertainty.
“At the time, we felt that was the right step to ensure we could protect both our wider lending position and the service we offer to brokers.
“Since then, we have seen some signs of stability returning, and that has allowed us to relaunch this range of both buy-to-let and residential products. After just a few days, we are pleased to be back in the market, open to new business, and supporting brokers and their clients once again with a strong and relevant set of options.
“While we have made some changes to pricing and product structure, our focus remains on offering practical solutions across a wide range of borrower and property types. That includes maintaining support for more complex buy-to-let cases, as well as improving choice within our residential proposition.
“However, it is important to be clear that the situation remains fluid. We are keeping a close watch on market developments and will continue to act quickly if conditions change.
“Our aim is to provide as much certainty as we can, while staying responsive in what is still a fast-moving environment.”
