Foundation Home Loans has announced a significant increase in recruitment across its underwriting, new business and sales teams.

By the end of January, the intermediary-only specialist lender said its total headcount will have increased by 17% compared to the same point last year.

Foundation has recently employed seven new experienced underwriters as well as several new underwriting assistants, processing team members and completions staff. Since September 2020, the lender’s new business team numbers have also grown by 45%.

Foundation’s sales team has also been boosted with a number of new starters and promotions for existing staff. During January, the lender has brought two new internal BDMs (IBDMs) and a new sales support team member on board, while two IBDMs have been promoted to the role of regional account managers (RAMs).

The lender said its recruitment drive has been designed to ensure it has the “resources required” to deal with an anticipated busy first quarter – specifically in ensuring cases complete before the end of the stamp duty holiday in March.

“Ensuring we have all the resources required within the business in order to support our adviser partners, and to help us move forward as a lender, has been a key focus over the last few months, and we’ll continue to recruit and promote as required across all teams,” said Foundation commercial director, George Gee.

“The next couple of months will undoubtedly be busy from a completions perspective as we work to ensure as many cases as possible can complete before the stamp duty deadline, but we certainly don’t view this as a temporary arrangement. 

“Even with the difficult circumstances brought about by the pandemic, Foundation has the resources and operation to support advisers and their clients, and we are constantly reviewing how we work to ensure the best possible service and experience for all who use us.”

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