Finova Payment and Mortgage Services has announced the addition of Bath Building Society to its lender panel, enhancing the range of mortgage products available to its over 450 broker members.
This partnership adds to finova’s already extensive panel, which includes more than 85 lenders offering a variety of standard, specialist, and niche lending solutions.
Bath Building Society’s inclusion brings a suite of products such as buy-to-let and holiday let mortgages, and rent-a-room mortgages.
The Society’s products are notable for their accessibility to borrowers of all ages and for offering top-slicing, an option useful when rental income doesn’t fully cover mortgage repayments.
Additionally, Bath Building Society provides regulated buy-to-let mortgages for landlords interested in purchasing multi-unit blocks.
The Society’s manual underwriting process ensures a thorough assessment of all mortgage applications, with mortgages up to 95% loan-to-value (LTV) considered for applicants with no historic credit issues.
Their rent-a-room mortgage product offers a maximum LTV of 85% for both single and joint applicants, covering purchases and remortgages.
This partnership marks the second major collaboration for finova Payment and Mortgage Services since Natalie McNamara assumed the role of head of relationships in September.
McNamara said: “The addition of Bath Building Society has strengthened our mortgage panel even further. At a time when many landlords are struggling with affordability, we’re delighted to be partnering with Bath Building Society to support our members through today’s challenging economic climate.
“Bath Building Society’s flexible products will expand the range of options available to our brokers, helping to ensure they get the best possible outcome for their client, and we look forward to a long, productive working relationship with the whole team.”
Ben Hutchings, head of mortgage sales at Bath Building Society, added: “At Bath Building Society, we choose our partners carefully, and are delighted to give finova’s brokers access to our products to help them offer tailored and high-quality products to customers.
“We design our products with a flexible approach in mind, and our manual underwriting process enables us to do this. In uncertain economic times, every client has a unique set of borrowing needs, and we hope that finova’s brokers can continue to address these requirements with the added benefit of our comprehensive buy-to-let, holiday let and rent a room solutions.”
