Market Financial Solutions (MFS) has announced a new partnership with finova Payment and Mortgage Services.

The specialist lender has joined a panel of over 75 lenders currently available to finova’s directly authorised (DA) broker network.

finova, formally known as MCI Mortgage Club, is a partner to more than 450 brokers and provides DA intermediaries with access to its lender panel alongside a protection panel and procuration fees.

By working together, finova and MFS aim to help more brokers gain access to specialist products, allowing them to process complex cases which require tailored solutions.

MFS offers buy-to-let (BTL) mortgages and bridging loans up to £50m, as well as terms between three and 24 months. It is currently sitting on more than £1bn in funding and is on track to achieve its goal of growing its loan book to £1.5bn in 2023.

“We’re pleased to be working with finova Payment and Mortgage Services,” commented MFS CEO, Paresh Raja.

“It will ensure a greater number of brokers can access our products. It’s a great platform for brokers, and we’re confident that by adding our BTL mortgages and bridging loans to the available products we will better serve those more complicated corners of the market that are too often neglected by other lenders.”

Business development director at finova Connect, Melanie Spencer, added: “Partnering with MFS will help our brokers unlock the additional support they need, whether it be for a particularly tricky case or if their client has a complex borrowing profile. With rising living costs having strained many households’ finances, MFS’s products will help brokers advise customers who are navigating a shift in their affordability.

“Recent volatility has pushed caseloads to the brink, and we have no doubt that our partnership with MFS will offer our broker network this added layer of support when they, and the end borrower, need it the most.”

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