Foundation Home Loans offers a range of buy-to-let mortgages available up to 75% loan-to-value which includes a selection of light adverse products.
Andy Young, chief executive officer at TBMC, said:
“We are delighted to be appointed to Foundation Home Loan’s specialist distribution panel and are very pleased that there is another fresh face in the buy-to-let mortgage market. FHL’s buy-to-let proposition is comprehensive and its lending criteria will make it an attractive option for brokers and their landlord clients.
“For example, FHL has no minimum income requirement, income is considered from any legal source, and there is no minimum time of employment. Also, the maximum age is 85 at the end of term, which is good for potential landlords considering taking advantage of the recent pension reforms to invest in buy-to-let property.
“Additionally, FHL has some ‘light adverse’ products which could fill a small niche in the marketplace.”
Hans Geberbauer, chief executive officer at Foundation Home Loans, added:
“As a specialist buy-to-let lender it has been a key part of our distribution strategy to work with selected intermediaries who have particular knowledge and expertise in the buy-to-let mortgage market. TBMC has a wealth of experience in this sector with a large distribution network and we are looking forward to working with them to help fulfill our ambitions in the buy-to-let market.”
Foundation Home Loans has also announced the establishment of a sales development team under Director of Business Development, Paul Brett, to help capitalise on its successful launch in the BTL market.
Jan Gallagher has been appointed as FHL’s first Regional Account Manager and has been tasked with the management of some of FHL’s distributor relationships, consisting of major players in the market such as The Business Mortgage Company and 3mc.
Paul Brett, Business Development Director, said:
“Our proposition has had a terrific reception since we launched in February. FHL is constantly evolving and Jan’s appointment marks the next step change we are making in providing closer support for our distribution panel. She has a great pedigree and I am sure our partners will be delighted with the contribution she will make.
“FHL is in the process of making other new appointments both externally and internally to further support our proposition in the intermediary market.”
