finova adds Standard Life Home Finance to panel

Standard Life Home Finance has become the 85th lender to join finova Payment and Mortgage Services' panel, further expanding its later life lending offering to brokers.

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.

Standard Life Home Finance's range offers 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, commented: “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.”

finova’s head of payment and mortgage services, Melanie Spencer, 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.”