finova Payment and Mortgage Services has launched a new partnership with specialist lender, Hampshire Trust Bank (HTB).

HTB provides professional investors with specialist residential loans up to a maximum of £25m for limited companies, offshore entities, expats and foreign nationals, as well as mixed use portfolios and semi-commercial properties.

Members of finova will now have access to HTB’s mortgage proposition. The lender recently made enhancements to its offering, with five-year fixed rates reduced by up to 130 basis points and bandings simplified into three levels – at £100,000 to £1m, £1m to £5m, and £5m and above.

HTB’s recently launched ‘ERC Plus’ and ‘ERC Lite’ options have also been extended across both its two and five-year fixed rate specialist buy-to-let, HMO and MUFB and semi-commercial ranges.

Head of finova Payment and Mortgage Services, Melanie Spencer, said: “Our mortgage panel has never been stronger with the addition of HTB. At a time when landlords are struggling with affordability, its specialist products provide much needed options for brokers, helping them to select the right product to meet their clients’ requirements.

“We’re very pleased to welcome HTB to our panel, offering more specialist lending options during these challenging economic times.”

Head of intermediary distribution, specialist mortgages at HTB, Sally Wright, added: “I’m very pleased that HTB is now working with finova. We choose our partners carefully because it’s the quality not quantity of relationships that counts. At HTB, we strive to support our intermediaries by providing the best possible service and complex solutions available.

“Members of finova’s growing mortgage club can now access HTB’s innovative product range that offers flexibility and a real ‘common sense’ approach.”

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