Foundation has today relaunched a range of products across both its buy to let and residential ranges.
The return to market follows a temporary withdrawal of products earlier this week, however with conditions having settled, Foundation is back with refreshed buy to let and residential product options designed to support brokers and their clients across a wide range of scenarios.
Across buy to let, the relaunched products cove standard mortgages, as well as key property types including HMOs, MUFBs, Short Term Lets, Expats and both Property and HMO Plus options.
Foundation said this would allow brokers to place more complex cases with confidence. Selected changes have also been made to fees on five-year fixed-rate products, including a reduction on standard HMO products, helping to improve overall value.
Within residential, Foundation has reintroduced products at 65% loan-to-value (LTV) for its F1 tier, alongside new options at up to 85% LTV within its F2 range. It also has two- and five-year fixed rates available for remortgage-only, offering either cashback or fee-assisted legals, and products for Key Workers, EPC Savers, and Joint Borrower Sole Proprietors.
Foundation said this would provide brokers with greater flexibility when placing cases for residential clients with more varied circumstances.
While not all previous products have returned, the lender has streamlined both ranges to allow for faster response to market changes. However, it has retained full coverage across its core areas, ensuring brokers still have access to a broad and relevant set of solutions.
Rates across both ranges remain competitive within the specialist sector, with products available across a mix of fixed terms and fee options.
Grant Hendry, Director of Sales at Foundation, commented:
“We took the decision earlier this week to withdraw products in response to a period of significant market movement and deep uncertainty. At the time, we felt that was the right step to ensure we could protect both our wider lending position and the service we offer to brokers.
“Since then, we have seen some signs of stability returning, and that has allowed us to relaunch this range of both buy to let and residential products. After just a few days, we are pleased to be back in the market, open to new business, and supporting brokers and their clients once again with a strong and relevant set of options.
“While we have made some changes to pricing and product structure, our focus remains on offering practical solutions across a wide range of borrower and property types. That includes maintaining support for more complex buy to let cases, as well as improving choice within our residential proposition.
“However, it is important to be clear that the situation remains fluid. We are keeping a close watch on market developments and will continue to act quickly if conditions change. Our aim is to provide as much certainty as we can, while staying responsive in what is still a fast-moving environment.”
