finova Payment and Mortgage Services has partnered with StrideUp to add to the lending products available to its directly authorised (DA) broker club.

The addition of StrideUp will provide finova Payment and Mortgage Service members with access to a shared ownership model.

The digital home finance provider targets first-time buyers looking to get a footing on the housing ladder.

It provides homebuyers assistance of up to 20% equity and gradually allows them to increase their ownership of the property by purchasing this equity while living in it.

finova’s Payment and Mortgage Services’ panel is the first mortgage club StrideUp has chosen to partner with.

Other lenders on finova’s panel offer residential, buy-to-let, bridging, second charge, commercial and development, and equity release products.

finova head of payment and mortgage services Melanie Spencer says: “We are delighted to be partnering with StrideUp to give first-time buyers an alternative way to finance their home purchase.”

“With Help to Buy recently ending, providing our club members with exclusive access to StrideUp’s exciting products presents an exciting way to increase the options available to their customers, and will further help brokers to foster meaningful client relationships for the future.”