PRIMIS Mortgage Network teams up with Foundation Home Loans

PRIMIS Mortgage Network has revealed that its 1,950 mortgage advisers will now have access to Foundation Home Loans' range of specialist lending solutions.

The products can be used for residential borrowers with complex income, employment or credit history, and for BTL landlords and limited companies seeking to purchase or refinance a wide range of property types, including HMOs, MUBs and portfolios.

Vikki Jefferies, proposition director at PRIMIS Mortgage Network, commented that the announcement reaffirmed its commitment to support advisers in their work with specialist customers — particularly as Covid-19 continues.

“From today [17th August], our advisers will have access to a wider range of tailored solutions to provide their clients and, ultimately, be better equipped to serve a growing number of ‘non-vanilla’ borrowers.

“We are confident that with Foundation’s extensive proposition, PRIMIS brokers will be able to bolster their own offerings in this area and further support customers, both during and after the coronavirus crisis.”

Grant Hendry, head of national accounts at Foundation Home Loans, added: “The specialist mortgage market has shown great resilience over the past four months and we, as a lender, have had to adapt and evolve accordingly over this period.

“A key component within this journey has been working closely with our intermediary partners, and the announcement of this new partnership with one of the biggest mortgage networks in the country is yet another highly positive step in the right direction.

“This partnership will help us in fulfilling our ambitious plans for 2020 and beyond, and we are looking forward to working closely with PRIMIS’ member firms to provide much-needed specialist solutions to landlords and those borrowers who are not able to secure residential borrowing via high street lending routes.”

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