The Financial Intermediary & Broker Association (FIBA) has added Foundation Home Loans to its lender panel, following the recent appointments of Paragon Bank Lloyds Bank, and HSBC.
Following the launch of Foundation Home Loans’ specialist BTL ‘Solutions’ range last month, it now supports Iindividual or portfolio landlords, limited companies and SPVs, expats on an individual or limited company basis, and commercial landlords with mixed use properties.
FIBA members will now have access to Foundation’s provision, including manual underwriting, first-time landlords, products for UK foreign nationals living as expats, and face-to-face or telephone support.
Martin Reynolds, chair of FIBA, said: “Having worked with the team at Foundation Home Loans for a number of years, it’s particularly exciting to be engaged at the beginning of its business restructure and to introduce ‘Solutions’, its new specialist BTL division, as it makes its first steps into a new area of the market in support of larger HMOs, MUFBs, ex-pats and support for commercial landlords with mixed use properties.
“Its approach to portfolio underwriting, holiday and short term lets within its core BTL range also offers our members even more choice and opportunity, which can only result in good outcomes for both broker and client.”
Grant Hendry, director of sales at Foundation Home Loans, added: “We are delighted to be partnering with FIBA at this time of growth and change in the specialist buy to let market, as well as this pivotal time in the development of our new brand, Solutions by Foundation.
“FIBA has a robust and impressive strategic vision for this part of the market, and we are looking forward to working with it to bring that into fruition.
“I was impressed with the depth of specialist property finance expertise at FIBA, particularly visible in the CPSP certification it offers which, in fact, some of our own staff at Foundation have already undertaken.
“FIBA’s commitment to broadening the product choice and value for mortgage intermediaries within the specialist BTL market aligns with our aim to bring to landlords operating in those spaces, wider criteria in areas such as part-commercial, expat and multi-occupancy properties, which is relevant to evolving demands.”
