The intermediary-only specialist lender said the new range includes an 80% loan-to-value (LTV) version of its popular two and five-year fixed rate loan.

The 80% LTV options are designed to meet a growing demand from borrowers who have suffered credit problems such as late payments on credit cards, mail order goods, telecommunications, utilities or unsecured loan arrears.

There is also a new two-year variable discount which offers borrowers the freedom to remortgage at any time with no ERCs.

Plus, it is offering two new first-time buyer products with lower product fees to help reduce upfront costs.

Jeff Knight, director of marketing at Foundation Home Loans, said: “Current market conditions dictate that lenders have to be agile and adapt to the ever-changing needs of borrowers and our intermediary partners.”

He added: “Minor credit blips will continue to push some borrowers beyond the realms of mainstream lending but that doesn’t mean they are not credit-worthy, and that their property related needs should be ignored.

“We also believe that demand for specialist first-time buyer products is increasing and with borrowers still struggling to raise deposits, these products need to be designed to help reduce upfront costs where possible.

“Additional options are vital for this growing band of borrowers and we have the overall product offering, criteria and service to ensure they can access the mortgages they deserve.”

Foundation’s new range is as follows:

• 3.99% two-year variable discount at 80% LTV with a £995 fee and no ERCs
• 4.19% two-year fixed rate at 80% LTV until 31/10/2022 with a £995 fee
• 4.59% five-year fixed rate at 80% LTV until 31/10/2025 with a £995 fee
• 4.29% two-year fixed rate for first-time buyers at 80% LTV to 31/10/2022 with a £595 fee
• 4.69% five-year fixed rate for first-time buyers at 80% LTV to 31/10/2025 with a £595 fee