Equity release lender, Standard Life Home Finance has become the 85th lender to join finova’s panel.

Finova’s lender panel currently offers both standard mortgage products and a range of other secured lending options, including buy-to-let, second charge, commercial and development, and equity release.

By becoming the sixth equity release lender to join finova’s Payment and Mortgage Services panel, Standard Life Home Finance further expands the suite of later life lending products available to its over 450+ brokers.

Standard Life Home Finance’s product range includes fixed early repayment charges, day one downsizing protection, and the ability to make ERC-free capital repayments of up to 10% of the initial loan each year from the start of the loan.

Kay Westgarth, director of sales at Standard Life Home Finance, said: “In the current fast-paced environment, we know that advisers need more support than ever before, so we are delighted to join the finova panel. Their strong track record of delivering high-quality results for clients build on a solid foundation innovation and technology makes them ideal partners.

“In order to move the sector forward, we believe successful partnerships such as these are essential, and so we are pleased to give finova’s members full access to our tools and information.”

Melanie Spencer (pictured), finova’s head of payment and mortgage services, added: “It is gratifying to see our mortgage panel continue to grow and this is a testament to our team’s dedication. Standard Life Home Finance’s addition significantly expands the number of Equity Release products that members can access through finova and we are pleased that more brokers will be able to benefit from this.

“The brand impressed us with their commitment to supporting customers as well as advisers and we look forward to a long-lasting working relationship that ensures our clients get the best possible results.”