The platform, Finova Lending, is expected to allow lenders to release products in as little as four months, which the firm said would enable banks, building societies and specialist BTL lenders to enter the market or launch at scale.
Lenders will not need to replace their existing systems to use Finova Lending, giving streamlined access for product launches.
Finova Lending supports the full specialist BTL lifecycle, from application to completion, and has been preconfigured to facilitate different lending types, including limited companies, individual borrowers and portfolio landlords. It also allows for a range of property types, including standard rental homes, houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
The platform was developed with input from intermediaries based on research around their workflows, priorities and pain points, Finova said. It includes an intuitive broker portal to enable faster submissions, fewer errors and more visibility of an application.
It also has task-driven case management and a risk engine for fast and accurate decisioning. Further, there is a financial products engine to manage pricing, fees and lending rules. It is integrated with services such as Experian, Companies House, Landmark Quest, and Loqate.
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Finova Lending has been designed to sit alongside a lender’s existing origination and servicing system, so they can trial and scale new products without disturbing operations.
Finova said early performance testing and customer pilots found the platform was able to double daily application throughput and reduce staff workload for each case.
More information can be found at finova.tech/btl.
Gareth Richardson, CEO of Finova, said: “The specialist buy-to-let market is set to reach £54bn 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.
“It’s a key part of our wider vision to modernise banking technology across the UK.”
