"We continue to broaden our distributor relationships, and this new tie-up with MCI Club means its member firms will now have access to Foundation’s range"
Foundation has joined the Club's lender panel and members can now access its range of residential and specialist buy-to-let products.
Foundation’s residential range is aimed at borrowers who narrowly miss the requirements of mainstream high-street lenders. At the end of last month, the lender announced a series of criteria enhancements which opens up its residential mortgages to borrowers with accidental credit blips.
Jeff Knight, director of marketing at Foundation Home Loans, said: “We continue to broaden our distributor relationships, and this new tie-up with MCI Club means its member firms will now have access to Foundation’s range of both residential and buy-to-let products. With 2020 just around the corner, and a number of shifting demographic and financial trends, we anticipate that our range of residential products for those who just miss out on the mainstream, plus our specialist products for landlords, will be much in demand. Advisers are increasingly likely to see borrowers with specialist needs, from those with minor credit blips, to professional landlords seeking a limited company product solution. The good news is that MCI Club members can access our range of products and services in order to meet this demand. We’re looking forward to working with the team at MCI and believe this will be a strong and long-lasting relationship.”
Phil Whitehouse, head of MCI Club, commented: “Foundation Home Loans will be a great addition to MCI’s lender panel which has now grown to 39 lenders covering all areas of the market. Our member base of c-800 intermediaries are increasingly having to deal with customers with more specialist lending requirements and Foundation will give them the support they require as a dedicated intermediary-only lender. They put the intermediary first and their experienced team offer a speedy decision process through their easy to use systems.”
