The specialist lender is launching with a new set of buy-to-let and residential products.

For buy-to-let, all products are available to individuals and limited company borrowers, with a choice of both two- and five-year fixed rates including HMOs and large H MOs.

Its new range also consists of a two-year buy-to-let discount with no early repayment charges (ERCs) with rates starting at 2.94% at 60% LTV.

The new buy-to-let range allows loans up to 75% LTV, has a standardised ICR of 145% at either 5.5% or pay rate, comes with a 2% fee, and reverts to Bank Base Rate plus 4.99% at the end of the special terms.

Foundation has also launched a specialist residential range offering both two-year fixed and variable-rate products with no ERCs and LTV up to 75%.

Jeff Knight, director of marketing at Foundation Home Loans, said: “Since lockdown was brought in, we have continued to lend by processing our existing pipeline, completing in the region of £37 million of lending in April alone. “However, once lockdown began, we took the strategic decision to only allow new applications once we knew it would be possible to instruct physical valuations again.

“Therefore, given announcements made this week, it is really pleasing to say that we can now offer our products to new applicants once again and will formally launch our full range on Monday.”

For more information on Foundation Home Loans, please visit: www.foundationforintermediaries.co.uk