Finova Payment and Mortgage Services has announced the addition of Bath Building Society to its lender panel.
Its brokers will now benefit from access to Bath Building Society’s range of products, including buy-to-let and holiday let mortgages, as well as rent-a-room mortgages.
Bath Building Society joins over 85 lenders on finova’s panel, including products from standard mortgages to specialist and niche lending solutions.
The Society’s buy-to-let and holiday let products are available to borrowers of all ages and offer top-slicing where a property’s rental income doesn’t sufficiently cover mortgage repayments. The lender also offers regulated buy-to-let mortgages for landlords looking to purchase multi-unit blocks.
Bath Building Society’s manual underwriting team thoroughly assess all mortgage applications, and those with no historic credit issues can be considered for a mortgage up to 95% LTV. The building society’s rent-a-room mortgage has a maximum LTV of 85% for single or joint applicants and purchases as well as remortgages.
Natalie McNamara, head of relationships for finova Payment & Mortgage Services, 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.”
