Over 450 brokers gain access to the lender's later life offering
Standard Life Home Finance has joined finova’s panel, becoming the sixth equity release lender and the 85th overall to make its product offerings available to over 450 brokers.
The lender’s product range includes fixed early repayment charges, day one downsizing protection, and the ability to make ERC-free capital repayments of up to 10% of the initial loan each year from the start of the loan.
finova’s lender panel currently offers both standard mortgage products and a range of other secured lending options, including buy-to-let, second charge, commercial and development, and equity release.
finova said that with its lending panel, members could process payments and cases quickly and efficiently, as well as receive direct support from a team dedicated to facilitating relationships between members and lenders.
“It is gratifying to see our mortgage panel continue to grow, and this is a testament to our team’s dedication,” stated Melanie Spencer (pictured), head of payment and mortgage services at finova Payment and Mortgage Services.
“Standard Life Home Finance’s addition significantly expands the number of equity release products that members can access through finova, and we are pleased that more brokers will be able to benefit from this.
“The brand impressed us with their commitment to supporting customers as well as advisers, and we look forward to a long-lasting working relationship that ensures our clients get the best possible results.”
Kay Westgarth, director of sales at Standard Life Home Finance, added that it, too, was delighted to join the finova panel, citing finova’s strong track record of delivering high-quality results for clients.
“In the current fast-paced environment, we know that advisers need more support than ever before,” Westgarth said. “In order to move the sector forward, we believe successful partnerships such as these are essential, and so we are pleased to give finova's members full access to our tools and information.”
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