Deal will provide finova's DA brokers with access to the specialist buy-to-let product range
Specialist buy-to-let lender CHL Mortgages has been added to the lending panel of finova Payment and Mortgage Services.
The partnership will provide finova’s membership of directly authorised brokers with access to CHL’s specialist buy-to-let product range.
The lender has recently launched a short-term let proposition following the introduction of a new product range for large houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
The full CHL Mortgages product range caters for first-time landlords, portfolio landlords, and limited companies covering a variety of BTL investments including short-term lets, HMOs, MUFBs.
Read more: CHL Mortgages expands product suite.
finova Payment and Mortgage Services is a trusted partner to over 450 brokers and 70 lenders. It offers a single payment and processing package, which enables brokers to earn more on procurement fees.
After relaunching its proposition with a select panel of distributors in May 2021, CHL has since implemented a phased approach to enlarging its distribution channels to include many of the industry’s leading networks, mortgage clubs, and intermediary brands.
“It’s now been a full year since we relaunched back into the specialist buy-to-let marketplace and it has been a hugely positive 12 months from both a volume and servicing perspective. It’s also been hugely rewarding to revisit old acquaintances of the brand and to build a host of new relationships,” Andy Valvona (pictured), national account manager at CHL Mortgages, said.
“finova is also a business which has recently reinvented itself after a highly successful rebrand and is really making its mark within the intermediary marketplace. We look forward to forging a successful long-term relationship with them.”
Melanie Spencer, head of finova Payment and Mortgage Services, said they, too, are delighted to be partnering with CHL Mortgages and offering its buy-to-let specialist solutions to their broker network.
“This partnership is a welcome addition to our panel of existing lender partners and allows brokers to support landlords with complex borrowing requirements, at a time where the rising cost-of-living may be stretching household finances,” Spencer said.
“We look forward to offering our brokers CHL Mortgages’ extensive product range and have no doubt that this will help them support a wider pool of landlords in pursuit of lending opportunities.”
