Finova Payment and Mortgage Services has added Bath Building Society to its lender panel.
It said members will now benefit from access to Bath Building Society’s suite of products including buy-to-let, holiday-let mortgages and 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.
Finova is the UK’s largest cloud-based mortgages and savings software provider. It supports over 60 leading lenders, 3000 mortgage brokers and 200 financial institutions.
It said Bath Building 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.
Finova Payment and Mortgage Services head of relationships Natalie McNamara said: “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.”
Bath Building Society head of mortgage sales Ben Hutchings added: “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.”
