finova Payment and Mortgage Services has announced a new partnership with specialist mortgage packager, Manor Mortgages.

The move expands the range of lending options available to finova’s directly authorised broker network.

Manor Mortgages processes sources and submits mortgage applications on behalf of brokers to specialist lenders. The firm is an approved packager for several specialist lenders including Precise Mortgages, Pepper Money, Family Building Society, and Fleet Mortgages.

The latest partnership will help finova’s brokers place and process complex cases, which finova suggested is “especially important” in today’s rapidly changing market, where many borrowers are struggling to find a mortgage that suits their individual needs.

“Partnering with Manor Mortgages provides our brokers with the additional support they need, whether it be for a particularly tricky case or if they are simply short on time and in need of an extra pair of hands,” commented Head of finova Payment and Mortgage Services, Melanie Spencer.

“Alongside access to a wide range of specialist lenders, we’re delighted to offer our brokers this additional layer of support, ensuring they can deliver high-quality specialist advice to the end borrower. Spiking interest rates, coupled with the cost-of-living crisis, have pushed caseloads to record levels, and brokers need all the support they can get – especially with a potential house price crash on the horizon.”

Managing director at Manor Mortgages, Dave Stephenson, added: “We’re excited to launch this partnership with finova Payment and Mortgage Services to help its large network of directly authorised brokers place niche cases with the right lender.

“In the current climate, having the support of an experienced packager, like ourselves, will be invaluable to brokers who need to place complex cases away from the high street. What’s more, our Three Tiers of Service mean we have flexible options to suit every broker‘s needs.”

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