Foundation Home Loans announces link-up with Mortgage Intelligence

Intermediary-only lender Foundation Home Loans has confirmed a new partnership with mortgage network Mortgage Intelligence.

From today, appointed representative (AR) firms and directly authorised (DA) members of the Mortgage Intelligence club will be able to access Foundation’s range of specialist buy-to-let products, including options for portfolio and limited company applicants.

Foundation’s assortment 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 selection of residential mortgages to potential borrowers who have been turned down by high street lenders.

Foundation Home Loans director of marketing, Jeff Knight, said of the new tie-up: “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.”

Mortgage Intelligence managing director, Sally Laker, 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.”

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