Foundation Home Loans has launched several new fee-assisted, remortgage products across its residential mortgage product range.
The intermediary-only specialist lender said its residential range is aimed at clients with more specialist requirements – such as complex income or those who narrowly miss the requirements of mainstream high-street lenders due to credit blips or credit score issues.
Foundation revealed the products have followed the enhancements made to Foundation’s residential range at the end of last year, and are now available on the lender’s F1 & F2 product tiers.
Product options are available for both two and five-year products up to 85% LTV, and Foundation added that all mortgages come with £250 cashback, a free valuation, no application fee, and a reduced £595 product fee.
Foundation director of marketing, Jeff Knight, commented: “Intermediaries are discovering there are a growing number of clients who do not meet the criteria of the high-street lenders but these ‘mainstream misses’ still have a highly competitive mortgage market to choose from, with excellent rates and criteria options, as evidenced by our new range released today.
“These are not just price-focused mortgages but also provide extra savings to the client with cashback available, plus we offer a free valuation, no application fee and a reduced product fee.
“We are well known for our buy-to-let offering and we are becoming increasingly known for our specialist residential range too. This is all about helping advisers with these clients to find the solutions they deserve and highlighting this is a market open for business and with a large number of options available.”
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