Club members will now have access to self- and custom-build mortgages through BuildLoan for renovations, conversions, knockdown rebuilds and extensions.
BuildLoan provides intermediaries with a range of exclusive self- and custom-build products via its specialist panel of lenders, as well as bridging and development finance.
Its recently launched mortgage platform, Unicus, provides information, support and a streamlined application process, allowing brokers to research and source the right product for clients and arrange their finance online.
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Melanie Spencer, head of Finova Payment and Mortgage Services, said: “Self- and custom-build mortgages are a niche area of lending that requires expert advice.
“They are nothing like a normal mortgage, as payments are made at various stages of the build, so understanding the complexities is vital for both brokers and borrowers.
“Partnering with BuildLoan is the obvious option for brokers who can speak to qualified self-build mortgage experts that understand the complex and specialist nature of self-build finance.”
Stu Bryce, head of intermediary lending at BuildLoan, added: “Technology is at the heart of Finova’s proposition, which is something we have in common.
“Our new Unicus system allows for a lender match process based on the client’s proposed project.
“It takes into account all the nuances of a self- or custom-build project to ensure the most suitable mortgage is chosen from our panel of specialist lenders.
“We look forward to working with brokers via Finova and are happy to assist with any queries and applications via our dedicated broker help desk.”