Foundation Home Loans appoints TBMC to distribution panel

Andy Young, chief executive officer at TBMC, said:

“We are delighted to be appointed to Foundation Home Loan’s specialist distribution panel and are very pleased that there is another fresh face in the buy-to-let mortgage market. FHL’s buy-to-let proposition is comprehensive and its lending criteria will make it an attractive option for brokers and their landlord clients.

“For example, FHL has no minimum income requirement, income is considered from any legal source, and there is no minimum time of employment. Also, the maximum age is 85 at the end of term, which is good for potential landlords considering taking advantage of the recent pension reforms to invest in buy-to-let property.

“Additionally, FHL has some ‘light adverse’ products which could fill a small niche in the marketplace.”

Hans Geberbauer, chief executive officer at Foundation Home Loans, said:

“As a specialist buy-to-let lender it has been a key part of our distribution strategy to work with selected intermediaries who have particular knowledge and expertise in the buy-to-let mortgage market. TBMC has a wealth of experience in this sector with a large distribution network and we are looking forward to working with them to help fulfill our ambitions in the buy-to-let market.”