Cloud-based mortgage software provider, finova, has announced that its Apprivo core banking originations platform has been selected by Leeds Building Society for its Limited Company buy-to-let (BTL) offering.

Through the partnership, finova will support Leeds Building Society’s entry into the limited company BTL market and offer a fully managed service for product support, including amending Leeds Building Society products, catalogues, and rules as a service.

Apprivo, a “cloud-first” SaaS banking originations platform, leverages interfaces to valuations (Quest) and CRA & EID (Experian) for credit scoring rules and identification checks as well as payment card services (Barclaycard). It is highly customisable, so Leeds Building Society can add different products and APIs to the tool as needed.

Furthermore, the platform provides lenders with a range of functions, such as the ability to integrate additional services via the API ecosystem of finova, including conveyancing, valuations, and payments.

Chief revenue officer at finova, Chris Little, commented: “Leeds Building Society, is the UK’s fifth-largest mutual, which makes this partnership all the more exciting for us at finova. We are looking forward to supporting the Leeds BS team with their entry into limited company buy to let, and the opportunity this partnership provides for the finova team to once again demonstrate our capabilities in this lending space.

“We have no doubt this will be a fruitful relationship which we will continue to expand into new market segments.”

Head of product development at Leeds Building Society, John Scally, added: “We are proud to be able to extend our support for landlords through the launch of a new limited company BTL mortgage product range.

“Building on our ongoing technology platform upgrades, we have partnered with finova to allow us to offer more choice to our members in this changing market.

“Using Apprivo, we can continue to respond to the changing needs of the market, and look forward to working with finova to deliver broker and customer friendly solutions.”

Share Story: