Finova Payment and Mortgage Services has announced that its members will be able to access West One Loans’ residential proposition, which covers purchase, remortgage and unencumbered properties.

Its members will now be able to leverage West One Loans suite of products aimed at employed, self-employed, contractors and retired applicants, as well as those who struggle to meet the traditional credit scoring requirements of high street lenders.

West One Loans offers a standard maximum Loan to Income (LTI) ratio of up to five times income across all plans, and the lender’s Prime Plus Flex and Prime Flex products are available for LTIs at over five times income subject to the applicant meeting eligibility requirements.

The lender offers flexible loan sizes from £25,000 to £1,000,000 over a five to 40 year payment term. Loan to Value (LTVs) of up to 85% are available for all borrowers, including first-time buyers, or for almost any legal purpose including debt consolidation.

A fast track remortgage service is also provided for West One Loans customers through its on-site solicitors for loan sizes up to £750,000.

Melanie Spencer (pictured), head of finova Payment and Mortgage Services, said: “There is no doubt that there is a growing need for specialist finance to support borrowers through the current economic turbulence, so we are proud to be working with West One Loans to ensure our brokers have access to a wide-range of products for all their clients, including those who may not fit traditional lending criteria.

“We have been offering West One Loans’ buy-to-let products to finova Payment and Mortgage firms for some time now, so we’re delighted to be continuing this partnership to support even more borrowers through access to their residential mortgage products.”

Paul Huxter, head of clubs and networks at West One Loans, added: “We are excited to be partnering once again with finova and their members, who will now be able to access our recently launched range of residential mortgage products.

“Our products are designed to provide specialist mortgage solutions for borrowers who may find it difficult to qualify for a high street mortgage and whose needs would best be served by a more individual approach to underwriting. We are confident that our residential mortgage proposition will provide finova members and their clients with an increased number of options to meet more complex borrowing needs.”