finova Payment & Mortgage Services has announced the addition of BuildLoan to its panel.

The move gives finova’s club members access to self and custom build mortgages which include renovations, conversions, knockdown rebuilds and extensions.

BuildLoan provides intermediaries with a range of exclusive self and custom build products through its specialist panel of lenders, as well as offering bridging and development finance.

Head of finova Payment & Mortgage Services, Melanie Spencer, said that self and custom build mortgages are a “niche area” of lending requiring expert advice.

“They are nothing like a normal mortgage as payments are made at various stages of the build so understanding the complexities is vital for both brokers and borrowers,” Spencer commented.

“Partnering with BuildLoan is the obvious option for brokers who can speak to qualified self-build mortgage experts that understand the complex and specialist nature of self-build finance.”

The partnership with finova follows BuildLoan’s recently launched Unicus mortgage platform, which provides information, support and a seamless application process for brokers to provide accurate advice on products for homebuilding clients.

BuildLoan head of intermediary lending, Stu Bryce, added: “Our new Unicus system allows for a unique lender match process based on the client’s proposed project. It takes into account all the nuances of a self or custom build project to ensure the most suitable mortgage is chosen from our panel of specialist lenders.

“We look forward to working with brokers via finova and are happy to assist with any queries and applications via our dedicated broker help desk.”

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