PRIMIS Mortgage Network has today announced its partnership with Foundation Home Loans, the intermediary-only specialist lender. Foundation’s range of specialist lending solutions will be immediately available to the 1,950 registered mortgage advisers who are a part of PRIMIS.
PRIMIS’ advisers will be able to access Foundation’s specialist product ranges for residential borrowers with complex income, employment or credit history, and for buy-to-let landlords and limited companies seeking to purchase or refinance a wide range of property types including houses in multiple occupations (HMOs) and multi-unit blocks and portfolios.
As one of the UK’s largest mortgage networks, PRIMIS is well known within the mortgage industry for championing the work of intermediaries. Members benefit from a high level of support, a comprehensive and competitive proposition, and access to a wide range of exclusive products.
Vikki Jefferies, Proposition Director at PRIMIS Mortgage Network, commented:
“Today’s announcement reaffirms our commitment to supporting advisers in their work with specialist customers, particularly as Covid-19 continues.
From today, our advisers will have access to a wider range of tailored solutions to provide their clients and, ultimately, be better equipped to serve a growing number of “non-vanilla” borrowers.
We are confident that with Foundation’s extensive proposition, PRIMIS brokers will be able to bolster their own offerings in this area and further support customers, both during and after the coronavirus crisis.”
Grant Hendry, Head of National Accounts at Foundation Home Loans, added:
“The specialist mortgage market has shown great resilience over the past four months and we, as a lender, have had to adapt and evolve accordingly over this period.
A key component within this journey has been working closely with our intermediary partners, and the announcement of this new partnership with one of the biggest mortgage networks in the country is yet another highly positive step in the right direction.
Joining the PRIMIS panel means our range of buy-to-let and residential products are now available to nearly an additional 2,000 mortgage advisers.
This partnership will help us in fulfilling our ambitious plans for 2020 and beyond, and we are looking forward to working closely with PRIMIS’ member firms to provide much-needed specialist solutions to landlords and those borrowers who are not able to secure residential borrowing via high-street lending routes.”