Finova has launched his pre-configured specialist Buy-to-Let (BTL) Origination solution for lenders, delivered by its end-to-end mortova Lending mortgage platform.
With the BTL platform, which was built in consultation with the intermediary community, Banks, construction associations and specialized lenders enables the growing specialist BTL market after four months to scale up.
As part of the solution, lenders do not have to replace existing systems to use the solution and launch a newly specialized BTL product.
The BTL platform, which supports the entire BTL life cycle, is pre-configured to support a wide range of credit types, including limited companies, private individuals and portfolio landlords.
It also deals with a series of real estate types, from standard rental properties to houses in multiple occupation (HMOs) and Multi-Unit Freehold blocks (MUFBS).
The solution is formed by research with brokers and distributors and has a broker portal.
It has task -driven case management with straight processing, a configurable risk motor and a motor with financial products. It is integrated in advance with important services, including Experian, Companies House, Landmark Quest and Loqate.
The solution is modular and API-Native to enable lenders to appreciate and scale new positions in parallel, without disturbing daily activities.
Gareth Richardson, CEO of Finova, says: “The specialist buy-to-let market will reach £ 54 billion in 2029, driven by an increasing demand for more complex credit products such as Limited Company, HMO and portfolio cases.”
“But many traditional systems simply cannot keep up, which leads to bottlenecks, longer application-to-work times and slower product launches.”
“Our platform has been designed to change that. It lets lenders go live in just four months, flexibly handle the full BTL life cycle and disrupt their activities without disrupting existing systems.”
“By combining configured specialist functions, intelligent risk management and automation that still gives a staff room to get in when needed, we help to move lenders faster, work smarter and ultimately offer a better experience for both borrowers and brokers.”