The lender has launched a new product, with rates from 2.24%, for borrowers who have no adverse credit in the last three years – the mortgage comes with an arrangement fee of £995 and application fee of £125.
Foundation Home Loans has also split its range into three tiers.
The first, named F1, is for cases with no adverse credit within the last 36 months; F2 is for cases with no CCJs or mortgage arrears within the last two years with minor blips accepted; and F3 is for cases with more recent CCJs and mortgage arrears, plus other blips accepted.
Andrew Ferguson (pictured), commercial director at Foundation Home Loans, said: “We are known for our buy-to-let proposition and are now keen to develop our residential offering too, in support of our ambitious growth plans.
“We are confident our revised residential offering meets changing borrower needs and will provide our broker partners with a credible option in supporting these needs.
“We will of course ensure we continue to listen to feedback to ensure our proposition further develops over time.”