Finova Payment and Mortgage Services has partnered with specialist buy-to-let lender Quantum Mortgages.
Quantum Mortgages lends to professional landlords buying or refinancing properties across England, Wales and Northern Ireland.
The lender has four product ranges available, each suited to the specific demands of its clients:
- Single Unit Properties – accommodates houses and flats, lending up to 80% LTV and refinance bridging loans with a day one remortgage
- Multi-Unit Range – accommodates HMOs up to six units and holiday lets, lending up to 75% LTV
- Specialist Range – turning declines into applications, this product facilitates loans on property types not usually available to landlords
- Ex Pat and Foreign National – lends up to 65% LTV to a foreign resident without any UK residency so long as they own at least one other investment property
Quantum Mortgages joins finova Payment and Mortgage Services’ panel of over 70 lenders, offering standard mortgages as well as specialist and niche lending products, including residential, buy-to-let, bridging, second charge, commercial and development, equity release and more.
The partnership will give finova’s directly authorised broker network instant access to Quantum Mortgages’ launch offer of £99 valuation fees on single unit properties up to a £500,000 valuation.
Melanie Spencer (pictured), head of finova Payment & Mortgage Services, said: “Our mortgage panel continues to grow from strength to strength. The addition of Quantum Mortgages grants our brokers access to another specialist loan provider, ensuring the diverse needs of all borrowers are met and accounted for.
“We are pleased to have partnered with Quantum Mortgages, offering our brokers more buy-to-let options for their clients.”
Jason Neale, managing director at Quantum Mortgages, added: “Supporting the buy-to-let market with human underwriting is at the heart of what we do, and it is reassuring that finova Payment and Mortgage Services has recognised the value of this and added us to its expanding lender panel.
“We look forward to working with finova and utilising their growing network to connect more landlords with our buy-to-let propositions.”