Members get access to more products
Specialist finance broker The Loans Engine (TLE) has become the latest firm to partner with mortgage club finova Payment and Mortgage Services.
TLE, which has been supporting mortgage brokers for over 30 years, will now be able to offer second charge, bridging, commercial, specialist BTL, and specialist first charge products to finova members.
finova’s club members can refer clients, and TLE will take full responsibility for advice and service delivery, even for regulated deals. If the mortgage broker prefers to offer advice themselves, they can also use TLE’s lender relationships and packaging service.
TLE said it also has expertise in bridging and development finance, where its loans range from £25,000 to £25 million. The broker added that it works with a wide range of niche lenders and provides personalised solutions based on individual circumstances “with service being the differentiator as evidenced by its platinum Feefo rating.”
“As the cost-of-living crisis becomes increasingly difficult for households across the country, and with the economic climate expected to worsen, many borrowers are looking for the best mortgage products to help manage their outgoings,” Melanie Spencer, head of finova Payment and Mortgage Services, said. “We want to ensure our members have access to the most suitable products to help their customers through these challenging times.”
Andrew Turner, chief executive at The Loans Engine, said they were delighted to be partnering with finova Payment and Mortgage Services.
“Our friendly advisors have expertise in a broad range of product solutions, and will help finova Payment and Mortgage Services’ members with those awkward and challenging cases,” Turner stated. “But what we pride ourselves in most, is our excellent service delivery, our unrivalled reputation with lenders, and the way we look after all introducers and their clients.”
