When your client doesn’t fit the standard mould, we look at the whole story.
That’s why we’ve enhanced our residential proposition, making it easier to support a broader range of customers through simplified credit tiers and greater affordability flexibility.
By reducing complexity and looking beyond historic credit events, Foundation helps brokers place cases involving credit rebuild, affordability challenges and multiple complexities. With pragmatic underwriting, specialist support and more ways to say yes, we’re committed to making mortgages happen.
Why Foundation makes a difference:
- Simplified credit tiers: Our residential proposition has been streamlined from four credit tiers to three, making specialist lending easier to navigate.
- Greater flexibility for credit rebuild cases: We can now consider unsatisfied CCJs and defaults registered more than six months ago, and accept Debt Management Plans across our F2 and F3 ranges.
- Less complexity, reduced fact finding: Fewer historic adverse credit requirements help cases progress more efficiently.
- Common-sense underwriting: We take a pragmatic view of individual circumstances and may consider exceptions where appropriate.
- Support for customers with multiple complexities: We assess the whole case, helping more borrowers access specialist lending solutions.
- Enhanced affordability flexibility: Updated loan-to-income limits for higher earners provide greater borrowing power where eligible.
- Selected rate reductions: Selected F1 and F2 fixed rates have been reduced, with rates starting from 5.99%.
Got a case to discuss?
Speak to your Regional Account Manager to find out how Foundation’s enhanced residential proposition can help you support more customers, place more complex cases and continue making mortgages happen.