Foundation Home Loans has launched a number of two- and five-year fixed rate residential remortgage only products.

Notable deals include a 65 per cent LTV two-year fix at 2.99 per cent, and an 85 per cent LTV two-year fix at 3.94 per cent.

Additionally, the lender has introduced a 65 per cent LTV five-year fix at 3.79 per cent and an 85 per cent LTV five-year at 4.45 per cent.

All of the mortgage products come with £250 cashback, a free valuation, no application fee, and a £595 product fee.

Foundation Home Loans director of marketing Jeff Knight says: “Intermediaries are discovering there are a growing number of clients who do not meet the criteria of the high-street lenders but these ‘mainstream misses’ still have a highly competitive mortgage market to choose from.

“These are not just price-focused mortgages but also provide extra savings to the client with cashback available, plus we offer a free valuation, no application fee and a reduced product fee.

“This is all about helping advisers with these clients to find the solutions they deserve and highlighting this is a market open for business and with a large number of options available.”