According to the statement, both appointed representative (AR) firms and directly authorised (DA) members of Mortgage Intelligence will be 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, Managing Director of Mortgage Intelligence, commented: “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.”
