Finova’s Apprivo² core banking originations platform has been selected by Leeds Building Society for its Limited Company (Ltd Co.) BTL offering.
Through this partnership, Finova will support Leeds Building Society’s entry into the Ltd Co. BTL market and offer a fully managed service for product support.
Designed to meet the individual needs of lenders Apprivo² leverages interfaces to valuations (Quest), CRA and EID (Experian) for credit scoring rules and identification checks, as well as payment card services (Barclaycard).
The partnership allows Leeds Building Society to add different products and APIs to Apprivo² as needed.
The platform provides the lender with a range of functions, such as the ability to integrate additional services via the API ecosystem of Finova, including conveyancing, valuations, and payments.
Chris Little, chief revenue officer at Finova (pictured above), commented: “We are looking forward to supporting the Leeds Building Society team with its entry into limited company BTL, and the opportunity this partnership provides for our team to demonstrate our capabilities in this lending space.”
John Scally, head of product development at Leeds Building Society, added: “We are proud to be able to extend our support for landlords through the launch of a new Ltd Co. 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 Apprivo² 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.”
