Foundation Home Loans, the intermediary-only specialist lender, has become a patron of the National Association of Commercial Finance Brokers (NACFB), the UK independent trade body for commercial finance brokers.
The partnership will enable NACFB members to broaden their specialist product offering and connect with a wider array of borrower types by providing direct access to Foundation Home Loans’ three brands – Solutions by Foundation, Residential by Foundation and Buy to Let by Foundation.
Members will also benefit from guidance around specialist criteria and additional support on complex mortgage cases.
The move supports the recent launch of ‘Solutions by Foundation’, a new suite of specialist criteria and products for an additional layer of specialist buy-to-let needs, covering multi-occupancy properties, mixed-use property (part-commercial) and expat borrowers.
Commenting on the agreement Foundation director of sales Grant Hendry (pictured) said: “As a business, we are extremely pleased to have forged a strong strategic partnership with a professional regulated body who matches our own standards of broker-centric services and commercial approach.
“Landlords continue to evolve their business models to adapt to the ever-changing buy-to-let landscape. As a lender, it’s imperative that we are able to support these markets and continue to diversify our proposition. To have a strong proposition is one thing, but to be able to partner with likeminded industry trade bodies is also essential to any future success.
“Partnering with the NACFB will not only add value to its members but also generate opportunities for us to support a wider proportion of the intermediary market, which represents a win, win for all parties.”
NACFB managing director Norman Chambers said: “Many of our members specialise in sourcing property finance for their clients, so Foundation Home Loans is a great addition to the NACFB community. I have no doubt that their Solutions’ range will be of particular interest as we are seeing increased demand for finance for larger, multiple occupancy properties, especially from landlords with more complex borrowing needs.”
