Specialist lender Somo has joined the lending panel of finova, the mortgage and savings technology provider that works with over 3,000 brokers.
As part of the partnership, Somo has become one of the select lenders available through finova Payment and Mortgage Services. This collaboration enables finova’s brokers to offer their clients Somo’s products, including Valuation Only and Second Charge loans.
The partnership between Somo and finova aims to provide top-notch broker support, leveraging market-leading technology, enhanced procurement fees, and expert customer relationship management. These efforts are designed to facilitate profitable and efficient operations for brokers and ensure a seamless experience for their clients.
Brokers who partner with finova will benefit from the expertise and support of Somo’s team of relationship directors, covering all regions of the UK. These directors will provide personalised assistance to both new and existing clients, adding a human touch to the lending process.
Jade Keval, sales director at Somo, said: “We’re excited about this new partnership, not only because it will give us direct access to brokers who can benefit from our award winning products, processes and customer service, but also because we share the same vision as finova. We are both solutions focussed providers that work hard to support and meet the needs of brokers and their clients.
“Somo is steadily growing and relationships like this are an important part of our growth plan. Like finova, we’re constantly looking for ways to simplify the way we do business. It’s the reason why our new brand proposition is … ‘why make bridging difficult?’”
Melanie Spencer (pictured), head of finova Payment and Mortgage Services, added: “Somo is a lender that makes things happen because the team is given the flexibility to complete on a wide variety of loan scenarios, even when borrowers don’t fit the standard lending criteria. This will provide our broker clients with even more options when they’re looking for deals.
“We’ve been impressed by Somo’s friendly and knowledgeable team, the versatility of its products and its funding lines, and we’re looking forward to a long-lasting working relationship that ensures our clients get what they need, when they need it.”
