finova adds TAB to lender panel

finova Payment and Mortgage Services has partnered with real estate finance and investment platform TAB, expanding the portfolio of lending products available to its directly authorised broker club.

finova’s brokers will have access to TAB's range of first and second charge residential and commercial bridging loans, development and refurbishment finance products.

Last month, TAB announced the launch of a new residential investment mortgage product, offering property investors interest-only loans on buy-to-let and other residential investment properties including HMOs, holiday lets and AirBnBs up to £2.5m and terms from 3 to 10 years.

Sasha Sprake, head of business development at finova Connect, commented: “We are thrilled to announce the partnership between finova Payment and Mortgage Services and TAB.

“This collaboration underscores our commitment to championing innovation and leveraging new technology to empower brokers. Our members can now access a broader range of specialised products from TAB, further enhancing their ability to meet the diverse needs of their clients.

“January surpassed expectations for business, and with TAB’s products and solutions now available, members have the opportunity to service their clients with faster turnaround at all times of year.”

Jon Sturgess, sales development director at TAB, said: “We are delighted to partner with finova Payment and Mortgage Services to make our innovative lending solutions available to their extensive network of directly authorised brokers.

“This collaboration will significantly expand the range of specialised products brokers can access, empowering them to better serve clients with diverse needs. With finova's impressive growth and reach, we are thrilled that TAB's solutions can now be leveraged by even more brokers to deliver efficient, customised lending."