Its directly authorised brokers gain access to lending products
finova Payment and Mortgage Services has announced a partnership with real estate finance and investment platform TAB, expanding its lending product offerings to its directly authorised broker club.
The partnership, which increases the number of lenders on finova’s panel to more than 90, enables brokers in the mortgage club to access a broad selection of lending products, including first and second charge residential and commercial bridging loans, as well as development and refurbishment finance options.
Established in 2018, TAB caters to clients undertaking property projects outside the conventional lending criteria. With its inclusion, finova’s mortgage club now covers all areas of the market, including standard mortgages, as well as specialist and niche lending products such as residential, buy-to-let, second charge, commercial, development, and equity release options.
“We are thrilled to announce the partnership between finova Payment and Mortgage Services and TAB,” said Sasha Sprake (pictured left), head of business development at finova Connect. “This collaboration underscores our commitment to championing innovation and leveraging new technology to empower brokers.
“Our members can now access a broader range of specialised products from TAB, further enhancing their ability to meet the diverse needs of their clients. January surpassed expectations for business, and with TAB’s products and solutions now available, members have the opportunity to service their clients with faster turnaround at all times of year.”
Jon Sturgess (pictured right), sales development director at TAB, said the collaboration will significantly expand the range of specialised products brokers can access, empowering them to better serve clients with diverse needs.
“With finova’s impressive growth and reach, we are thrilled that TAB’s solutions can now be leveraged by even more brokers to deliver efficient, customised lending,” Sturgess added.
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