Finova has launched its pre-configured specialist buy-to-let (BTL) origination solution for lenders, delivered by its end-to-end mortgage origination platform Finova Lending.
The BTL platform, which was built in consultation with the intermediary community, allows banks, building societies, and specialist lenders to enter or scale into the growing specialist BTL market after four months.
As part of the solution, lenders do not have to replace existing systems to use the solution and launch a new specialist BTL product.
The BTL platform, which supports the full BTL lifecycle, is pre-configured to support a wide range of lending types including limited companies, individuals, and portfolio landlords.
It also handles a range of property types, from standard rental homes to houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
The solution is shaped by research with brokers and distributors and features a broker portal.
It features task-driven case management with straight-through processing, a configurable risk engine and a financial products engine. It comes pre-integrated with key services, including Experian, Companies House, Landmark Quest, and Loqate.
The solution is modular and API-native to enable lenders to trial and scale new propositions in parallel, without disrupting day-to-day operations.
Finova chief executive Gareth Richardson says: “The specialist buy-to-let market is set to reach £54 billion by 2029, driven by increasing demand for more complex lending products such as limited company, HMO, and portfolio cases.”
“But many traditional systems just can’t keep up, leading to bottlenecks, longer application-to-offer times, and slower product launches.”
“Our platform is designed to change that. It lets lenders go live in as little as four months, handle the full BTL lifecycle smoothly, and scale their operations without upsetting existing systems.”
“By combining pre-configured specialist features, intelligent risk management, and automation that still gives staff room to step in when needed, we’re helping lenders move faster, work smarter, and ultimately provide a better experience for both borrowers and brokers.”
