Specialist Lending Solutions understands that Ferguson (pictured) left last week having spent 18 months at the lender after joining in September 2017.
Foundation Home Loans CEO Hans Geberbauer is now managing the lender’s sales function, with changes also taking place among other senior staff as a result.
Stephen Sandiford, who joined as director of residential lending in January, is taking on the role of director of product and proposition.
Strategic adviser and ex-Barclays David Finlay, who joined the lender in February, will also step-up his involvement to assist with the transition.
Finlay, who has been managing director of Barclays’ intermediary mortgage business and distribution director at Northview Group, will work closely with head of national accounts Grant Hendy and national sales manager Mark Whitear.
Thanks for contribution
With the lender targeting further growth to around £600-700m of lending this year, Ferguson acknowledged it was likely to be a case of survival of the fittest in the highly competitive market.
Geberbauer said: “Andrew Ferguson leaves Foundation with our thanks for his contribution towards the growth of the business over the last two years.
“Since he joined us, he has built a very strong team to support our growth plans and has helped move the business forward considerably.
“I am now managing the sales function directly and recent additions to our senior team mean we are in a very strong position.”
Specialist Lending Solutions has contacted Ferguson for comment.