finova partners with second charge mortgage broker

finova partners with second charge mortgage broker

finova Payment and Mortgage Services have teamed up with Loans Warehouse, a second charge mortgage broker, to provide its clients with more loan options.

This agreement will provide finova’s directly authorised intermediary network with access to a selection of second mortgage, bridging and development finance products.

According to finova, Loans Warehouse is the highest-paying loan broker available through its platform. It joins 80 lenders offering a variety of lending products, including residential, buy-to-let, bridging, second charge, commercial and development, equity release and more.

Loans Warehouse co-founder Matt Tristram stated that this partnership comes as part of the company’s expansion efforts. The team hopes the deal will bolster its efforts to aid brokers in giving customers tailored products.

Speaking on the partnership, finova Payment & Mortgage Services head Melanie Spencer said, “Partnering with Loans Warehouse marks an exciting new frontier in finova Payment and Mortgage Services’ proposition. As the soaring cost of living squeezes household finances, our members can now access an award-winning suite of mortgage products, including specialist bridging loans to help customers bulk up their finances and weather a tough time.

“Loan Warehouse has shown particular success as a second mortgage broker, and we at finova are thrilled to help the company connect with brokers across the UK.”

finova offers a cloud-based software that connects lenders, intermediaries and consumers. It has a modular, SaaS-based open architecture software that helps lenders and brokers.

The company launched out of stealth in 2021 following the acquisition of BEP, a cloud-based mortgage and savings software developer.

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