Foundation added to MCI Club panel

As a result, adviser members will be able to access the lender’s full range of residential and specialist buy-to-let products.

Foundation says its range is aimed at borrowers who narrowly miss the requirements of mainstream lenders.

Last week it announced a host of changes to its own criteria, including only asking for bank statements in selected cases.

Phil Whitehouse (pictured), head of MCI Club, noted that the panel now includes 39 lenders, and pointed out that members are increasingly having to deal with borrowers who have more specialist lending needs.

He continued: “[Foundation] puts the intermediary first and their experienced team offer a speedy decision process through their easy to use systems.”

Jeff Knight, director of marketing at Foundation Home Loans, added: “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.”