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Foundation Home Loans agrees distribution deal with Mortgage Intelligence

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  • 08/10/2019
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Foundation Home Loans agrees distribution deal with Mortgage Intelligence
Foundation Home Loans has teamed up with Mortgage Intelligence to provide its products to advisers in the mortgage network and club.

 

Appointed representative (AR) and directly authorised (DA) members of Mortgage Intelligence will gain access to Foundation’s buy to let (BTL) products including a range of solutions for portfolio and limited company applicants.

Foundation’s BTL criteria includes 80 per cent loan to value (LTV) for purchasing or refinancing through a limited company, an interest cover ratio (ICR) of 125 per cent of the pay rate for five-year fixes, no upper age limit, acceptance of newly-incorporated limited companies and a maximum loan size of £1.5m.

Additionally, Foundation offers a specialist residential range for clients rejected by mainstream lenders.

“Mortgage Intelligence has a long-held reputation for delivering a quality service and proposition to AR and DA firms. Our focus is to support advisory firms particularly in BTL. We look forward to working with the network and its members to ensure access to our specialist ranges,” said Jeff Knight, director of marketing at Foundation Home Loans.

“We saw the specialist lending that Foundation was offering and wanted out advisers to be able to access it,” added Sally Laker, managing director of Mortgage Intelligence (pictured).

 

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