Foundation Home Loans has secured an additional £1.25bn funding line to enable it to continue offering its full core range of BTL and residential mortgages.
The new syndicated warehouse facility is supported by six lenders and provides financing for the lender over the next five years.
“We are very pleased to be able to secure this significant, long-term financing to support our new core brands,” said George Gee, managing director - commercial at Foundation Home Loans.
“It will allow us to continue developing our product proposition and resources while significantly growing the business in order to support our intermediary partners and their borrower clients, specifically those with specialist mortgage needs.
“The warehouse acts to rationalise and simplify the group’s funding structure and will sit alongside the well-established Twin Bridges and Brants Bridge public RMBS programme.”
