Manor Mortgages processes challenging mortgage applications on behalf of brokers to source specialist lenders and submit cases.
The partnership will help Finova’s brokers place and process complex cases. The club said many borrowers are struggling to find a mortgage that suits their individual needs in the current climate.
Manor Mortgages offer three core tiers of service. First is referring a client, second is research placement and processing, and third is outsourcing processing.
The packager works with specialist lenders including Precise Mortgages, Pepper Money, Family Building Society, and Fleet Mortgages.
Melanie Spencer, head of Finova Payment and Mortgage Services (pictured), said: “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.
“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.”
Dave Stephenson, managing director at Manor Mortgages, 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.”
