Foundation has updated its range across the direct to lender and packaged range. Brilliant Solutions offers fees free packaging across the range as well as direct to lender access with payment on completion.
How Foundation is Helping More Customers with Historic Credit Issues
A customer’s credit history doesn’t always tell the whole story. That’s why Foundation has enhanced its Residential credit tier criteria, helping brokers place specialist cases with greater confidence and less complexity.
By simplifying its credit tier structure and increasing flexibility around historic adverse credit, Foundation is helping brokers support more customers who fall outside mainstream criteria and place complex cases more easily, continuing making mortgages happen.
4 Reasons Foundation’s Credit Tier Changes Benefit Brokers:
- Simpler case placement: Foundation has simplified its Residential credit tiers from four to three by withdrawing the F4 credit tier, making it easier for brokers to identify suitable options.
- Reduced adverse credit complexity: Unsatisfied CCJs and defaults registered more than six months ago can now be considered, helping brokers support customers with historic credit issues more confidently.
- Less fact finding required: No limits on unsecured or revolving credit arrears mean brokers can spend less time navigating additional criteria restrictions and more time identifying suitable options for their clients.
- More confidence supporting credit rebuild customers: With Debt Management Plans accepted across its F2 and F3 ranges and a pragmatic underwriting approach, Foundation provides brokers with more ways to support customers rebuilding their finances and place complex cases.