finova Payment and Mortgage Services has added digital challenger bank, Tandem Bank to its lender panel.
The partnership further expands the portfolio of lending products available to finova’s directly authorised broker club.
finova members will have access to Tandem’s range of specialist mortgage products, allowing them to accommodate underserved customers who don’t meet high street lending criteria.
Melanie Spencer, head of finova Payment & Mortgage Services, said: “We are delighted to be partnering with Tandem Bank to offer borrowers who don’t meet high street lending criteria an opportunity to secure a footing on the property ladder.
“This partnership will enable brokers to support both existing and new customers through today’s challenging landscape, helping to build meaningful relationships for the future.”
Tandem Bank joins finova Payment and Mortgage Services’ panel of over 75 lenders, offering products from standard mortgages to specialist and niche lending solutions, including residential, buy-to-let, bridging, second charge, commercial and development and equity release.
Richard Angell, head of sales and national accounts at Tandem Bank, added: “Supporting people who have been left behind by traditional high street banks and other lenders is at the heart of what we do, and we’re delighted to join finova Payment and Mortgage Services’ lender panel to help even more borrowers access simple, honest, and fair mortgage products.
“As one of the UK’s original digital challenger banks, we’re delighted to be partnering with a tech-first firm like finova, who are equally committed to embracing technology to facilitate a seamless mortgage journey.”
