Foundation Home Loans has announced it is refreshing its residential product offering to allow first-time buyers access to more of the range.
The intermediary-only specialist lender confirmed that its changes mean first-time buyers can now access up to 90% LTV on its F1 product. Foundation has also extended the maximum LTVs across both its F2 and F3 ranges with a new maximum LTV of 85% for F2, and 80% for F3.
Several new changes have been made across all areas of the lender’s range, with some rates lowered by up to 70 basis points.
Foundation commercial director, George Gee, said: “We anticipate there will be a growing number of potential first-time buyers coming to market looking for specialist residential products and this is a range which now fully caters for that borrower demographic.
“A major focus for Foundation this year is our specialist residential offering and we believe this refreshed range offers a considerable amount of competition for advisers and a wealth of product options for those borrowers who have a range of specialist needs such as multiple or complex income streams, are self-employed, or who have historical credit issues.”
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