Foundation Home Loans has announced it is joining the lender panel of specialist finance packager, Y3S Bridging & Commercial (B&C).

Y3S B&C will now be able to provide fully packaged cases on behalf of the intermediary-only specialist lender, which operates in both the buy-to-let (BTL) and residential sectors.

Foundation head of national accounts, Grant Hendry, commented: “Foundation continues to broaden its distribution and this is one such example, by working with leading lights in this sector such as Y3S B&C, which is a specialist operator that understands both the needs of its introducers and what we expect from a fully-packaged case.

“There is a growing level of complexity in the specialist BTL sector and Y3S B&C is both highly experienced and offers a range of benefits to its introducers which ensures all stakeholders receive an excellent service.

“We’re looking forward to working with the Y3S B&C team and helping them and their introducers understand the many product opportunities that Foundation can offer in this key sector.”

Y3S B&C, established in 2011, has packaged billions of pounds of loans during that time and provides several benefits to its introducers – including one-hour turnaround, dedicated account managers, lowest rate guarantees, commission and rate matching, a simpler referral process, a nationwide courier service to clients, as well as 24-hour commission payments.

Y3S B&C managing director, Andrew Gage, added: “We are absolutely delighted to have agreed packaging status with Foundation. We are looking forward to forging a strong relationship with the Foundation family. The products available with Foundation will give even greater choice for our intermediaries and clients alike. We are excited to be doing business with them.”

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