The new JBSP range caters to both purchase and remortgage purposes, offering interest-only, capital repayment, and part and part repayment options. A wide range of family members can be considered as supporting borrowers.
“It’s become increasingly evident just how much support first-time buyers require from family members as the struggle to raise a deposit and affordability hurdles represent ongoing concerns,” said Tom Jacob (pictured), director of product and marketing at Foundation Home Loans.
“JBSP is a product type that we’ve been closely assessing for a significant period of time and, through our recently launched residential brand, we are now better positioned to deliver a competitive solution backed by common sense underwriting and the highest service standards.
“As a lender, it’s vital to continue exploring how and where we can provide greater product choice and we hope the introduction of this new offering will provide a flexible option to help our intermediary partners meet ever-changing client demands in an increasingly complex borrowing environment.”