Foundation, the intermediary-only specialist lender, has today (3rd June 2026) announced a range of enhancements to its residential proposition, including an increase in its maximum lending age to 80, rate reductions across a variety of mortgages and the reintroduction of a number of products designed to broaden adviser choice.
The lender has increased the maximum residential lending age from 75 to 80, which it said would provide brokers with greater opportunities to support clients who are working later in life, who have changed retirement plans or require greater flexibility around mortgage term and repayment options.
Alongside the age increase, Foundation has reduced rates by up to 15 basis points (bps) across its residential range, removed product fees from its two- and five-year fixed-rate 90% LTV products including for key workers, and reintroduced several products increasing breadth to its proposition.
Among the products returning to the range are F1 Green mortgages - for properties with an EPC of A-C - available up to 85% LTV. These include a two-year fixed-rate at 6.59% and a five-year fixed-rate at 6.74%, both have a £595 fee and £500 cashback.
The lender has also reintroduced its F2 Joint Borrower Sole Proprietor (JBSP) range, with two-year fixed-rates available from 6.54% and five-year fixed-rates from 6.64%, both with a £995 fee.
In addition, Foundation has brought back its Professional product range, including a five-year fixed-rate at 6.49%, up to 75% LTV, and 6.89% up to 85% LTV, both with a £995 fee.
Across the wider residential proposition, core F1 rates now start from 6.19% for a two-year fixed-rate and 6.34% for a five-year fixed-rate at 65% LTV following the latest reductions.
As part of the refresh, Foundation has also reintroduced a range of remortgage-only products featuring either £300 cashback or fee-assisted legal services, together with a free valuation and no application fee.
The lender said the changes reflected evolving borrower demographics and broker demand for greater flexibility when supporting a wider range of residential mortgage customers.
Grant Hendry, Director of Sales at Foundation, commented:
“The increase in our maximum residential lending age to 80 is an important enhancement which reflects the reality of today's market. More borrowers are choosing to work later in life, many have different retirement plans to previous generations, and brokers increasingly need lending solutions that reflect those changing circumstances.
"However, this launch is about much more than criteria. We’ve taken the opportunity to strengthen our overall residential proposition through rate reductions, fee changes and the reintroduction of a number of key products which we know are valued by brokers and their clients.
"The return of our Green, JBSP and Professional products helps restore greater breadth across the range, while the rate reductions improve competitiveness and the removal of fees on our 90% LTV products helps reduce upfront costs for eligible borrowers. Taken together, these changes provide brokers with more options and greater flexibility across a wide variety of customer circumstances.”
