Foundation Home Loans has relaunched its buy-to-let and residential mortgage ranges just days after pulling products due to market volatility – signalling some stabilisation in lending conditions.
The specialist lender temporarily withdrew from the market earlier this week as swap rate uncertainty intensified following the US-Iran conflict. But conditions have since settled enough for Foundation to resume business.
HMO and specialist products included
The relaunched BTL range includes standard mortgages alongside specialist options for houses in multiple occupation, multi-unit freehold blocks, short-term lets and expat landlords. Foundation has also adjusted fees on five-year fixed rates, including reductions for standard HMO products.
Grant Hendry, director of sales at Foundation Home Loans, said the lender moved quickly to protect its position during the market turbulence. “We took the decision earlier this week to withdraw products in response to a period of significant market movement and deep uncertainty,” he said.
This follows Landlord Knowledge’s report on widespread product withdrawals across the mortgage market, with over 1,700 deals pulled since early March as lenders struggled to price risk accurately.
Market remains fragile
Foundation has streamlined its product range to allow faster response to market changes while maintaining coverage across core lending areas. The residential range now includes deals at 65 percent LTV within its F1 criteria tier, and options up to 85 percent LTV in its F2 range.
Hendry cautioned that conditions remain uncertain. “It is important to be clear that the situation remains fluid,” he said. “We are keeping a close watch on market developments and will continue to act quickly if conditions change.”
The quick relaunch contrasts with some lenders who have stayed out of the market longer, suggesting specialist BTL lenders may be more willing to absorb short-term pricing risk to maintain broker relationships.
What this means for landlords
- If you’re mid-application: Check with your broker whether Foundation deals previously offered have been repriced – fees and rates may have changed.
- Watch for: Other specialist lenders following Foundation’s lead and returning to market – competition could drive better terms.
- Bottom line: The quick turnaround suggests specialist lenders see opportunity despite volatility – but lock in rates fast as further disruption is possible.
Editor’s view
Foundation’s three-day absence from the market shows just how quickly conditions can shift – and how nimble specialist lenders need to be. For landlords with complex requirements like HMOs or multi-units, the return of a major specialist player is welcome news. But Hendry’s warning about fluidity should focus minds: this market rewards those who act decisively.
Author: Editorial Team – UK landlord & buy-to-let news, policy, and finance
Published: 30 March 2026
Sources: Foundation Home Loans
Related reading: Lenders pull entire fixed-rate ranges as 1,700 mortgage products withdrawn since March
