Foundation, West One and Lendhub update product ranges

Foundation Home Loans, West One and Lendhub have announced changes to their specialist finance product ranges.

Foundation Home Loans

Foundation Home Loans has launched its proposition in Scotland.

The product range can be accessed by mortgage intermediaries through the lender’s existing distribution channel, which was recently expanded with the addition of The Lending Channel.

Foundation Home Loans has also appointed Fiona Robertson as a dedicated regional account manager to cover Scotland and the North-East.

George Gee, commercial director at Foundation Home Loans, said: “We are very pleased to be announcing our launch into Scotland today, kicking off the new year by expanding our geographic distribution, and welcoming the mortgage intermediaries who are active in Scotland to access our ranges of specialist owner-occupied and BTL mortgages for their clients.

“This is an exciting time for Foundation and we’re looking forward to building new relationships in Scotland, engaging with all stakeholders and providing greater product and criteria options for borrowers.”

Alistair Ewing, managing director at The Lending Channel, commented: “We are delighted to have been invited to join Foundation’s packager panel in Scotland, providing access to its products and helping them spearhead their Scottish growth plans. 

“As an experienced packager with a number of other specialist lenders on our panel, this is a great addition for brokers for both BTL and residential products.”

West One

West One has revamped its BTL range.

The specialist finance provider has cut rates on selected W1 options for HMOs and MUBs, with prices now starting from 3.34%.

The lender has also reduced the rate of its short-term let product by 15 basis points, which is now available at 3.94% for a five-year fix.

Its green product range also saw rate cuts of 15 basis points.

In addition, West One has introduced new products for landlords, including:

  • a limited-edition, five-year fixed-rate option at 75% LTV added to the standard W1 range, priced at 2.99%
  • a limited-edition HMO/MUB product for properties up to six units, offering loans up to £750,000 at 3.29%
  • a limited-edition large HMO/MUB option for properties with seven to 10 beds, offering loans up to £1.5m at 3.74%
  • new green standard W1 products available at 75% LTV, with rates starting from 2.94%

The specialist lender has also made changes to its lending criteria, including upping the maximum loan size on core standard W1 product to £2m (previously £1.5m) on an individual asset.

It has also increased portfolio lending to £10m per borrower (previously £5m) and broadened leasehold block exposure to 20 units (previously four units or 25% of the block for exposure), with 100% exposure possible.

Andrew Ferguson, managing director of West One’s BTL division, said: “These criteria changes will ensure we remain amongst the most flexible BTL lenders on the market. 

“This added flexibility means brokers and their clients can continue investing in a buoyant rental sector.

“Those investing in rental properties have been increasingly looking for specialist BTL products, and as we specialise in HMOs and MUBs, we are well placed to offer finance to both new, and experienced landlords.

“While we have competitive rates, what separates West One from other lenders is our flexible underwriting and excellent service. 

“Despite being larger than many peers, we are nimble, can make decisions quickly and have the entrepreneurial approach of a much smaller lender.”


Lendhub has introduced a new product for borrowers looking to undertake self-funded light refurbishment works.

The new option offers loans between £350,000 and £1.5m at up to 85% LTV with no added fees.

This follows Lendhub’s rebrand last week, which features a new website offering online loan applications.

Christopher Adamou, managing director at Lendhub, said: “These are exciting times for Lendhub. 

“We are always striving to exceed our clients’ expectations and think ahead. 

“I’m proud to introduce this new product to the market and further assist our clients in maximising their gains.”

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