Foundation Home Loans adds Fiducia to distribution panel

Foundation Home Loans has added Fiducia Commercial Network to its key partners distribution panel.

The move will mean that Fiducia’s network of approximately 80 appointed representative (AR) firms can now access mortgage products through two Foundation brands, Buy to Let by Foundation and ‘Solutions by Foundation’.

‘Buy to Let by Foundation’ is the specialist lender’s core buy-to-let range with products available for limited company, individual and portfolio and non-portfolio landlords, while Solutions by Foundation offers a range of products for specialist buy-to-let properties, such as part-commercial properties, multi-occupation properties and a range of specialist property mortgages for UK expat landlords.

Fiducia Commercial Network is part of the Fiducia Group, a UK provider of financial services for 23 years, including more than 18 years’ commercial finance brokerage experience.

The network is a commercial finance AR network which allows independent firms to provide commercial finance options to their existing client base. This means there is no requirement to be individually authorised by the Financial Conduct Authority (FCA) as each member of Fiducia Commercial Network can operate under Fiducia’s FCA regulatory umbrella.

Managing director at Fiducia Commercial Network, Mark Grant, commented: “Working with Foundation Home Loans on its ‘Buy to Let by Foundation’ proposition forms part of the network’s core activities, but its innovative ‘Solutions by Foundation’ proposition plays into Fiducia Commercial Network AR’s strengths of specialist buy-to-let and multi-unit properties, semi-commercial properties and buy-to-let solutions for expat investors.”

Director of sales at Foundation Home Loans, Grant Hendry, added: “Fiducia Commercial Network is a network offering a broad range of financial advice and financial solutions, and it therefore makes perfect sense to move it to key partner status, particularly as it has strong expertise in not just buy-to-let mortgages, but the more specialist product offering we are now delivering to market, such as complex portfolio buy-to-let, semi-commercial and multiple properties under one title.”

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